Charity Registration No.. 239965 Brabin's Almshouses Accounts For The Period Ended 31 March 2023 frmha MOORE & SMALLEY
BRABIN'S ALMSHOUSES CONTENTS Charity Details Trustee's Report Independent Examinerfs Report Receipts and Payments Account Statement of Assets and Liabilities Notes to the Receipts and Payments Account Page 1
BRABIN'S ALMSHOUSES CHARITY DETAILS Tmstees Dr T H Ballard Chair Ms G K Bailey {Resigned 22 September 2022} Mr G Erdoz8in {Resigned 16 February 20231 MrDRUrie Mr P W Smith Mr D Slaler Mr P Morris Ms D France Ms B L Wels-Blundell (Appointed 27 April 20231 Ms G Holland Charity names (registration numbers) Brabin's Almshouses12399651 Brabin's Educational Foundation1239965-11 Registered office 21 Kirklands Chipping Preston PR3 2GN Indgpendgnt gxamingr Nicola Mason FCA, DChA MHA Moore and Smalley Richard House 9 Winckley Square Preston PR1 3HP Bankers HSBC 49A Fishergate Preston PR18BH Page 2
BRABIN'S ALMSHOUSES TRUSTEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2023 The trustees present their report and accounts for the period ended 31 March 2023, which have been prepared on a receipts and payments basis. The financial statements have been prepared in accordance wi(h the charity's constitution and applicable law. Structure. governance and management Brabin's Almhouses has a linked charity, Brabin's Educational Foundation. The Trusts were founded by the will of John Brabin dated the 91h April 1683 and comprised in a scheme made under the Endowed Schools Acts on the 27th November 1878 as varied by a Scheme of the Charity Commissioners of the 301h November 1961. The Trusts are currently regulated by a Scheme of The Charity Commissioners For England and Wales dated the 1 Olh June 1976. The Iwo Charities were formally linked as from 1st April 2018 confirmed by a letter dated 29th March 2019 from the Charity Commission of England and Wales addressed to the Chairman of the Charities. The Trustees should consist of eight competent persons being ft)ur Nominative Trustees and four Co-optstive Trustees. The Nominative Trustees are appointed as follows'._ One by the Parish Council of Thomley-with Wheatley, Two by the Parish Council of Chipping and One by the Parish Council of Bowland-with-Leagram. The Trustees who have held office during the year and since the year end are shown on page 2. Objectives and activities The accounts include the results of both Brabin's Almshouses and the linked charity Brabin's Educational Foundation. Purposes of the charity (per governing document and partial sel out below) and the main activities undertaken in relation lo those purposes are detailed in the attached accounts. The trustees have had regard lo the Charity Commission guidance on public benefit. To provide financial help and support to poor persons and the general community in the parishes of Chipping, Thornley with Wheatley and Leagram with Bowland. To maintsin the two almshouses and provide accommodation for poor persons of good character. Purposes of schools for boys, girls and infants. Provision of prizes or rewards for pupils., scholarships tenable in the boys. or girls, school,. exhibitions for higher education,. provision of technical instruction or industrial training in connection with the schools. For further details see scheme of 10 June 1976. Achievements and performance Grants have been made in the year in line with the charity objects as per note 4 to the accounts. Page 3
BRABIN'S ALMSHOUSES TRUSTEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2023 Financial review Income for the year beft)re sale of investments was £75,66712022 £51,621). Of this £16,382 {2022 £11,946) has been paid as grants in the year. Net payments for the year were £33,58012022 Nel receipts £23,1621- The policy of the trustees in recent years has been lo fund its activities out of income. Consideration will now be given to estsblishing a reserve for future repairs and maintenance of the properties of the Trusts. In view of the level of income the charity has prepared these accounts on the receipts and payments basis, summarising all money received or paid by the charity during the year. A statement giving details of the assets and liabilities al the end of the year is provided on page 6. This reFX)rt was approved by the Trustees OA 810112024 and signed on their behalf. Mr T H Ballard - Chair Page 4
BRABIN'S ALMSHOUSES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEESIMEMBERS I report lo the charity trustees on my examination of the accounts of the charity for the period ended 31 March 2023 which are sel out on pages 6 to g. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'lhe Acf). I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145151{bl of the Act. Independent Examiner's Statement I have completed my examination. l Confirm that no material matters have come to my attention in Connection with the examination giving me Cause lo believe that in any material respect= accounting records were not kept in respect of the charity as required by section 130 of the Act,. or the accounts do not accord with those records., or I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached Nicola Mason FCA. DChA MHA Moore and Smalley Chartered Accounlanls Preston Dale.. 1910112024 Page 5
BRABIN'S ALMSHOUSES RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unrostricted funds Restricted 2023 2022 funds Total funds Total fvnds Note Receipts Rental income Investment income Contributions to Almshouses Repairs Mortgage repayments Repayment of set up fees Donation 29,645 14,097 3,640 3,701 5,000 13,888 1,995 43,533 16,092 3,640 7,402 5,000 33,102 7,366 3,751 7,402 3,701 56,083 19.584 75,667 51,621 Asset and investment sales 9,274 24,140 33,414 117,431 Total receipts 65,357 43.724 109,081 169,052 Payments Grants issued Insurance Secretary s fees Hire of meeting hall Stockbroker fees Professional charges Repairs lo Almshouses & propèrbes Educational Grants Sundry expenses 1,500 4,204 600 30 1,520 3,660 290 11.882 16,382 4,204 1,200 60 2,707 7,465 79,543 3,000 363 11,946 3,720 1,000 600 30 1,187 3,805 79,253 3,000 32 3,827 1,254 88,528 4,250 157 331 12,135 99.789 111,924 114,682 Asset and investment purchases 10,697 20,040 30,737 31,208 Total payments 22,832 119.829 142,661 145,890 Net receiptsllpaymentsl for the year 42,525 (76,1051 133,580) 23,162 Transfers between funds Cash funds brought fOard at 1 April 2022 139,153 (47,0591 92,094 68,932 Cash funds carried fonvard at 31 March 2023 181,678 {123.1641 58,514 92,094 Page 6
BRABIN'S ALMSHOUSES STATEMENT OF ASSETS AND LIABILITIES AS AT 31 MARCH 2023 Unrestricted funds Restricted funds 2023 Total 2022 Total Notg Cash funds Current account Deposit account Stockbrokers deposit account 173,633 28 8,017 1127,6801 28 4,488 45,953 56 12,505 89,500 56 2,538 Total funds per receipts and payments account 181,678 {123.1641 58,514 92,094 Investment assets Investment portfolio Mortgage debtor 156,073 26,614 124,652 26,614 280,725 53,228 303,750 60,630 Assets retained for the charity's own use 2 Almshouses Ivvindy Streetllper valuation February 20191 14,16,18,20 Club Row (per valuation February 20191 Wallerclough Farm (per valuation February 20171 Bridge Cotlage Residuary Freehold of 7 Flats at 33 Kirklands Post office and craft centre lal January 2019 valuation) Improvements at cost Brabins School lal June 2017 valualionl 200,000 200,000 200,000 600,000 600,000 600,000 450,000 225,000 150 450,000 225,000 150 150,000 450,000 225,000 150 150,000 150,000 17,848 487,500 17,848 487,500 17,848 487,500 Total assets retained for the charity's own use 1.475,150 655.348 2,130,498 2,130,498 Llabllltles Rental deposits received re. Club Row 11.230) {1.230) 11.230) Declaration The receipts and payments account for the financial peri ended on 31 March 2023 and the statement of assets and liabilities at that date are approved by the Trustees. For of the Trustees.. Mr T H Ballard - Chair Date.. 1810112024 Page 7
BRABIN'S ALMSHOUSES NOTES TO THE RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies These accounts have been prepared on the receipts and payments basis. Expenditure is inclusive of VAT. Trustees No remuneration or other benefits were paid to the charty's trustees or people connected with them. Reimbursed expenses for out of pocket expenditure is disclosed on the face of the receipts and payments account. Rental income Unrestricted funds Restricted funds 2023 Total 2022 Total Farm rents Club Row rents Bridge Collage Post office and craft centre 7,000 22,645 7.000 22.645 4.350 9.538 7,000 20,558 4,350 9,538 5,544 29,645 13,888 43,533 33,102 Grants paid UnrgStrict8d funds Rgstrictgd funds 2023 Total 2022 Total CHAOS Brabins Endowed School St Mary s R C School Bursaries 1,500 1,500 8,000 3,882 3,000 8,000 3,882 3,000 8,000 3,946 1,500 14,882 16.382 11,946 Page 8
BRABIN'S ALMSHOUSES NOTES TO THE RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Investments Llsted investments Restricted 2023 funds Total Unrestricted funds 2022 Total Market value al 1 April 2022 174,321 129.429 303.750 372,370 Additions al cost Disposals at market value Gainslllossesl on revaluation 10,697 19,2741 119,6711 20,040 124,1401 16771 30.737 {33,4141 {20,3481 31,208 1117,4311 17,603 Market value at 31 March 2023 156,073 124,652 280.725 303,750 Funds Balance blfwd at 1 April 2022 Balance clfwd at 31 Transfers March 2023 Receipts Payments Unrestricted funds Non-educalional fund 139.153 65.357 122,8321 181,678 Restricted funds Educational fund {47,059) 43.724 1119,8291 1123,1641 92.094 109.081 (142,661) 58.514 Page 9