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2024-03-31-accounts

Charity of John Scott

Charity number 239895

Annual Report and Financial Statements

for the year ended 31 March 2024

Charity of John Scott

Annual Report and Financial Statements for the year ended 31 March 2024

Contents Page
Trustees' report 2 to 4
Examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the accounts 8 to 12

Prepared by West Yorkshire Community Accountancy Service CIO

1

Charity of John Scott

Trustees' report for the year ended 31 March 2024

Reference and administrative details of the charity, its trustees and advisors

The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates Revd. Christopher Buckley Chair Suzanne Wildridge Judith Davies Charity number 239895 Registered in England and Wales Registered and principal address Bankers The Vicarage Lloyds Bank plc 30 Low Grange View 16 Market Place Leeds Oldham LS10 3DT OL1 1JG

Independent examiner

Simon Bostrom FCIE West Yorkshire Community Accountancy Service CIO Stringer House 34 Lupton Street Leeds LS10 2QW

Structure, governance and management

The charity was registered on 15 February 1965 and is governed by a scheme adopted on 28 July 1976.

Method of recruitment and appointment of trustees

The trustees of the charity are appointed by the trustees at a duly convened meeting.

2

Charity of John Scott

Trustees' report (continued) for the year ended 31 March 2024

Objectives and activities

The charity's objects

Almshouses for poor persons of good character who are not less than 50 years of age. The benefit of the Almspeople as the trustees think fit.

The charity's main activities

Running ten Almshouses - Low rental housing from the John Scott bequest.

Public benefit statement

In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit.

Achievements and performance

The charity provides low cost housing to those in need. 9 Almshouses are occupied at the year end. We continue to work on upgrading the properties and are working on a garden makeover.

Financial review

The net expenditure for the year was £75,172, including net income of £1,841 on unrestricted funds and net expenditure of £77,013 on restricted funds.

Reserves policy

The charity's free reserves, excluding fixed assets, at the year end were £6,162.

The charity does not have a reserves policy.

Approved by the board of trustees on 23/01/2025

Revd. Christopher Buckley (Trustee)

3

Charity of John Scott

Independent examiner's report to the trustees of Charity of John Scott

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2024, which are set out on pages 6 to 12.

Responsibilities and basis of report

As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Simon Bostrom FCIE

24/01/2025

West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 2QW

4

Charity of John Scott

Statement of Financial Activities

(including summary income and expenditure account) for the year ended 31 March 2024

Notes
2024
Unrestricted
funds
£
Income from:
Charitable rental income
50,110
Investment income
1,210
Total income
51,320
Expenditure on:
Repairs and renovations
18,339
Cleaning and garden maintenance
19,283
Utilities
1,879
Insurance
1,381
Agent fees
5,318
Council Tax for Empty Houses
12
Surveys
1,320
Memberships and subscriptions
378
Sundries
206
Independent examination
792
IT consumables and software
334
Total expenditure
49,242
Net gains/(losses) on investments
(237)
Net income / (expenditure)
1,841
Fund balances brought forward
64,746
Fund balances carried forward
(3)
66,587
2024
Restricted
funds
£
-
-
-
77,013
-
-
-
-
-
-
-
-
-
-
77,013
-
(77,013)
77,013
-
2024
Total
funds
£
50,110
1,210
51,320
95,352
19,283
1,879
1,381
5,318
12
1,320
378
206
792
334
126,255
(237)
(75,172)
141,759
66,587
2023
Total
funds
£
41,366
3,239
44,605
31,179
4,840
1,424
1,211
4,327
2,656
-
231
122
567
-
46,557
(2,259)
(4,211)
145,970
141,759

All incoming resources and resources expended derive from continuing activities.

5

Charity of John Scott

Balance sheet

as at 31 March 2024
2024
Unrestricted
£
Fixed assets
Tangible assets
(4)
30,847
Investments
(5)
29,578
Total fixed assets
60,425
Current assets
Debtors and prepayments
(6)
460
Cash at bank and in hand
(7)
9,425
Total current assets
9,885
Current liabilities:
amounts falling due within one year
Creditors and accruals
(8)
3,723
Total current liabilities
3,723
Net current assets / (liabilities)
6,162
Net assets
66,587
Funds
Unrestricted funds
66,587
Restricted funds
-
Total funds
66,587
2024
Restricted
£
-
-
-
-
-
-
-
-
-
-
-
-
-
2024
Total
£
30,847
29,578
60,425
460
9,425
9,885
3,723
3,723
6,162
66,587
66,587
-
66,587
2023
Total
£
30,847
89,222
120,069
317
24,019
24,336
2,646
2,646
21,690
141,759
64,746
77,013
141,759

The financial statements were approved by the board of trustees on 23/01/2025

Revd. Christopher Buckley (Trustee)

6

Charity of John Scott

Notes to the accounts

for the year ended 31 March 2024

1 Accounting policies

Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.

Going concern

The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, if it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.

Grants and donations

Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.

Investments

Investments are stated at market value at the balance sheet date. The SOFA includes the net gains and losses arising on revaluations and disposals throughout the year.

Expenditure and liabilities

Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.

Taxation

As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.

Tangible fixed assets

Tangible fixed assets costing more than £500 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows:

Ten Almshouses at 1-10 Middleton Road, Leeds: The freehold property is shown at cost less any

provision for impairment. No depreciation is charged on the basis that the residual value is at least equal to the stated cost.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

Further explanation of the nature and purpose of each fund is included in the notes to the accounts.

7

Charity of John Scott

Notes to the accounts continued

for the year ended 31 March 2024

3 Restricted funds
Extraordinary Repairs Fund
Fund name
Extraordinary Repairs Fund
Balance b/f
Incoming
Outgoing
Transfers
Balance c/f
£
£
£
£
£
77,013
-
77,013
-
-
77,013
-
77,013
-
-
Purpose of restriction
This fund was established for the purpose of providing for repairs,
4
5
**6 **
Tangible assets
Cost
At 1 April 2023
Additions
At 31 March 2024
Depreciation
At 1 April 2023
Charge for year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
Fixed assets investments
Balance b/f
(Disposals)
Gain / (loss) on revaluation
Income generated
(Income transferred out)
Total
Debtors and prepayments
Debtors
Prepayments
£
30,847
-
30,847
-
-
-
30,847
30,847
2024
Total
£
89,222
(60,000)
(237)
1,132
(539)
29,578
2024
£
-
460
460
Freehold
land and
b ildi
Total
£
30,847
-
30,847
-
-
-
30,847
30,847
2023
Total
£
88,725
-
(2,259)
3,239
(483)
89,222
2023
£
-
317
317

8

Charity of John Scott

Notes to the accounts continued

for the year ended 31 March 2024

7 Cash at bank and in hand
Cash at bank
Cash in hand
8 Creditors and accruals
Creditors
Accruals
Rents received in advance
2024
£
9,425
-
9,425
2024
£
2,006
792
925
3,723
2023
£
24,019
-
24,019
2023
£
804
567
1,275
2,646

9 Related party transactions

Trustee expenses

No trustee received any expenses during this year or the previous year.

Trustee remuneration and benefits

No trustee received any remuneration or benefit during this or the previous year.

9

Charity of John Scott

Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2024

2024
2023
Unrestricted Unrestricted
funds
funds
£
£
Income
Charitable rental income
50,110
41,366
Investment income
1,210
483
Total income
51,320
41,849
Expenditure
Repairs and renovations
18,339
31,179
Cleaning and garden maintenance
19,283
4,840
Utilities
1,879
1,424
Insurance
1,381
1,211
Agent fees
5,318
4,327
Council Tax for Empty Houses
12
2,656
Surveys
1,320
-
Memberships and subscriptions
378
231
Sundries
206
122
Independent examination
792
567
IT consumables and software
334
-
Total expenditure
49,242
46,557
Net gains/(losses) on investments
(237)
(355)
Net income / (expenditure)
1,841
(5,063)
Fund balances brought forward
64,746
69,809
Fund balances carried forward
66,587
64,746
2024
Restricted
funds
£
-
-
-
77,013
-
-
-
-
-
-
-
-
-
-
77,013
-
(77,013)
77,013
-
2023
Restricted
funds
£
-
2,756
2,756
-
-
-
-
-
-
-
-
-
-
-
-
(1,904)
852
76,161
77,013
2024
Total
funds
£
50,110
1,210
51,320
95,352
19,283
1,879
1,381
5,318
12
1,320
378
206
792
334
126,255
(237)
(75,172)
141,759
66,587
2023
Total
funds
£
41,366
3,239
44,605
31,179
4,840
1,424
1,211
4,327
2,656
-
231
122
567
-
46,557
(2,259)
(4,211)
145,970
141,759

10

Charity of John Scott

Charity number 239895

Annual Report and Financial Statements

for the year ended 31 March 2024

Charity of John Scott

Annual Report and Financial Statements for the year ended 31 March 2024

Contents Page
Trustees' report 2 to 4
Examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the accounts 8 to 12

Prepared by West Yorkshire Community Accountancy Service CIO

1

Charity of John Scott

Trustees' report for the year ended 31 March 2024

Reference and administrative details of the charity, its trustees and advisors

The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates Revd. Christopher Buckley Chair Suzanne Wildridge Judith Davies Charity number 239895 Registered in England and Wales Registered and principal address Bankers The Vicarage Lloyds Bank plc 30 Low Grange View 16 Market Place Leeds Oldham LS10 3DT OL1 1JG

Independent examiner

Simon Bostrom FCIE West Yorkshire Community Accountancy Service CIO Stringer House 34 Lupton Street Leeds LS10 2QW

Structure, governance and management

The charity was registered on 15 February 1965 and is governed by a scheme adopted on 28 July 1976.

Method of recruitment and appointment of trustees

The trustees of the charity are appointed by the trustees at a duly convened meeting.

2

Charity of John Scott

Trustees' report (continued) for the year ended 31 March 2024

Objectives and activities

The charity's objects

Almshouses for poor persons of good character who are not less than 50 years of age. The benefit of the Almspeople as the trustees think fit.

The charity's main activities

Running ten Almshouses - Low rental housing from the John Scott bequest.

Public benefit statement

In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit.

Achievements and performance

The charity provides low cost housing to those in need. 9 Almshouses are occupied at the year end. We continue to work on upgrading the properties and are working on a garden makeover.

Financial review

The net expenditure for the year was £75,172, including net income of £1,841 on unrestricted funds and net expenditure of £77,013 on restricted funds.

Reserves policy

The charity's free reserves, excluding fixed assets, at the year end were £6,162.

The charity does not have a reserves policy.

Approved by the board of trustees on 23/01/2025

Revd. Christopher Buckley (Trustee)

3

Charity of John Scott

Independent examiner's report to the trustees of Charity of John Scott

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2024, which are set out on pages 6 to 12.

Responsibilities and basis of report

As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Simon Bostrom FCIE

24/01/2025

West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 2QW

4

Charity of John Scott

Statement of Financial Activities

(including summary income and expenditure account) for the year ended 31 March 2024

Notes
2024
Unrestricted
funds
£
Income from:
Charitable rental income
50,110
Investment income
1,210
Total income
51,320
Expenditure on:
Repairs and renovations
18,339
Cleaning and garden maintenance
19,283
Utilities
1,879
Insurance
1,381
Agent fees
5,318
Council Tax for Empty Houses
12
Surveys
1,320
Memberships and subscriptions
378
Sundries
206
Independent examination
792
IT consumables and software
334
Total expenditure
49,242
Net gains/(losses) on investments
(237)
Net income / (expenditure)
1,841
Fund balances brought forward
64,746
Fund balances carried forward
(3)
66,587
2024
Restricted
funds
£
-
-
-
77,013
-
-
-
-
-
-
-
-
-
-
77,013
-
(77,013)
77,013
-
2024
Total
funds
£
50,110
1,210
51,320
95,352
19,283
1,879
1,381
5,318
12
1,320
378
206
792
334
126,255
(237)
(75,172)
141,759
66,587
2023
Total
funds
£
41,366
3,239
44,605
31,179
4,840
1,424
1,211
4,327
2,656
-
231
122
567
-
46,557
(2,259)
(4,211)
145,970
141,759

All incoming resources and resources expended derive from continuing activities.

5

Charity of John Scott

Balance sheet

as at 31 March 2024
2024
Unrestricted
£
Fixed assets
Tangible assets
(4)
30,847
Investments
(5)
29,578
Total fixed assets
60,425
Current assets
Debtors and prepayments
(6)
460
Cash at bank and in hand
(7)
9,425
Total current assets
9,885
Current liabilities:
amounts falling due within one year
Creditors and accruals
(8)
3,723
Total current liabilities
3,723
Net current assets / (liabilities)
6,162
Net assets
66,587
Funds
Unrestricted funds
66,587
Restricted funds
-
Total funds
66,587
2024
Restricted
£
-
-
-
-
-
-
-
-
-
-
-
-
-
2024
Total
£
30,847
29,578
60,425
460
9,425
9,885
3,723
3,723
6,162
66,587
66,587
-
66,587
2023
Total
£
30,847
89,222
120,069
317
24,019
24,336
2,646
2,646
21,690
141,759
64,746
77,013
141,759

The financial statements were approved by the board of trustees on 23/01/2025

Revd. Christopher Buckley (Trustee)

6

Charity of John Scott

Notes to the accounts

for the year ended 31 March 2024

1 Accounting policies

Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.

Going concern

The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, if it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.

Grants and donations

Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.

Investments

Investments are stated at market value at the balance sheet date. The SOFA includes the net gains and losses arising on revaluations and disposals throughout the year.

Expenditure and liabilities

Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.

Taxation

As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.

Tangible fixed assets

Tangible fixed assets costing more than £500 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows:

Ten Almshouses at 1-10 Middleton Road, Leeds: The freehold property is shown at cost less any

provision for impairment. No depreciation is charged on the basis that the residual value is at least equal to the stated cost.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

Further explanation of the nature and purpose of each fund is included in the notes to the accounts.

7

Charity of John Scott

Notes to the accounts continued

for the year ended 31 March 2024

3 Restricted funds
Extraordinary Repairs Fund
Fund name
Extraordinary Repairs Fund
Balance b/f
Incoming
Outgoing
Transfers
Balance c/f
£
£
£
£
£
77,013
-
77,013
-
-
77,013
-
77,013
-
-
Purpose of restriction
This fund was established for the purpose of providing for repairs,
4
5
**6 **
Tangible assets
Cost
At 1 April 2023
Additions
At 31 March 2024
Depreciation
At 1 April 2023
Charge for year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
Fixed assets investments
Balance b/f
(Disposals)
Gain / (loss) on revaluation
Income generated
(Income transferred out)
Total
Debtors and prepayments
Debtors
Prepayments
£
30,847
-
30,847
-
-
-
30,847
30,847
2024
Total
£
89,222
(60,000)
(237)
1,132
(539)
29,578
2024
£
-
460
460
Freehold
land and
b ildi
Total
£
30,847
-
30,847
-
-
-
30,847
30,847
2023
Total
£
88,725
-
(2,259)
3,239
(483)
89,222
2023
£
-
317
317

8

Charity of John Scott

Notes to the accounts continued

for the year ended 31 March 2024

7 Cash at bank and in hand
Cash at bank
Cash in hand
8 Creditors and accruals
Creditors
Accruals
Rents received in advance
2024
£
9,425
-
9,425
2024
£
2,006
792
925
3,723
2023
£
24,019
-
24,019
2023
£
804
567
1,275
2,646

9 Related party transactions

Trustee expenses

No trustee received any expenses during this year or the previous year.

Trustee remuneration and benefits

No trustee received any remuneration or benefit during this or the previous year.

9

Charity of John Scott

Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2024

2024
2023
Unrestricted Unrestricted
funds
funds
£
£
Income
Charitable rental income
50,110
41,366
Investment income
1,210
483
Total income
51,320
41,849
Expenditure
Repairs and renovations
18,339
31,179
Cleaning and garden maintenance
19,283
4,840
Utilities
1,879
1,424
Insurance
1,381
1,211
Agent fees
5,318
4,327
Council Tax for Empty Houses
12
2,656
Surveys
1,320
-
Memberships and subscriptions
378
231
Sundries
206
122
Independent examination
792
567
IT consumables and software
334
-
Total expenditure
49,242
46,557
Net gains/(losses) on investments
(237)
(355)
Net income / (expenditure)
1,841
(5,063)
Fund balances brought forward
64,746
69,809
Fund balances carried forward
66,587
64,746
2024
Restricted
funds
£
-
-
-
77,013
-
-
-
-
-
-
-
-
-
-
77,013
-
(77,013)
77,013
-
2023
Restricted
funds
£
-
2,756
2,756
-
-
-
-
-
-
-
-
-
-
-
-
(1,904)
852
76,161
77,013
2024
Total
funds
£
50,110
1,210
51,320
95,352
19,283
1,879
1,381
5,318
12
1,320
378
206
792
334
126,255
(237)
(75,172)
141,759
66,587
2023
Total
funds
£
41,366
3,239
44,605
31,179
4,840
1,424
1,211
4,327
2,656
-
231
122
567
-
46,557
(2,259)
(4,211)
145,970
141,759

10

Charity of John Scott

Independent examiner's report to the trustees of Charity of John Scott

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2024, which are set out on pages 6 to 12.

Responsibilities and basis of report

As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: …………………………………… Name: Simon Bostrom FCIE

24/01/2025

West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 2QW

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