William Martin Charity Annual report and activity 2022
a) Accounts
The accounts for the calendar year have been drawn up and audited by Peter Strong, and are attached as Appendix A. As the accounts conform to a set pattern which is not always easy to follow, the summary below is hopefully an easier description of what has taken place during the year.
Coif account
Brought forward £ 34278.56 Interest received £ 322.91 Paid out £ 0.00 Carried forward £ 34601.47
Barclays Account
Brought forward £12881.62 Dividend £ 128.61 Rent due from 2014-22 £28014.45 Expenditure £ 0.00 Carried forward £41024.68
TOTAL ASSETS
£75626.15 as at 31[st] December 2023
b) Activity
There has only been one significant development, in that the outstanding rent due from North Northamptonshire Council since 2014 has been paid. A sum of £28,014.45 was paid on 29[th] April and means that the bank account now has £41025 in it. In future, an annual payment of rent will be made in April each year (just over £3400). Together with the COIF investment account, the charity now has cash assets of £75626. This is insufficient to acquire any more property and the trustees may wish to consider how best to use the funds that we do have.
A discussion about pooling assets with the Sawyers Almshouses Trust has been opened, but no progress has been made of late.
There has been no change in the tenancy of the Charity’s property of 93 The lawns, Kettering.
c) Governance
Kettering Town Council appoints four persons to the Trust Board, and the Trust Board is able to appoint three further persons.
In 2022, the following appointments were made
By Kettering Town Council Lloyd Bunday Maggie Don Mark Rowley Scott Edwards*
By The Trustees Anne Ireson Larry Henson
*Jenny Henson, a long standing trustee and appointee of the Town Council sadly died in 2022 and she was replaced by Scott Edwards.
The Rector of SS Peter and Paul Church, Kettering David Walsh, is an ex officio member of the Trust Board
The Trust Board reviewed its financial and governance document in 2022 and updated it to reflect changes in local government structures since 2021.
Martin Hammond Clerk to the Trustees 18[th] April 2023
no¢1* 000 000 000 000
16 Sapphire Close Kettering Northants NN15 7DW Tel 01536 529242 18. April 2023 Martin Hammond CIO Kettering Town Council Municipal oifices. Dear Martin Ch2ritie8 for the Poor 2022r2023 & William Martin 2022. I have completed an Independent examination on the Accounts of the Kettering Charities for the Poor, for the year 2022123 & the year 2022for the William Martin Charity, & have put in a loose copy of each balance sheet plus filed another copy on flle for your records. I have not gone into CapiLql values. The monies are highly unlikely to be reaIised as they are held for income yield. (They are about £20 per unit) Interest is holding up well from the shares. while Capital valuations vary from month to montlL indeed from day to day. l am ple&sed the rentals on the Alms Houses are paid. The was a mix up on interest allocations and I have done it on the original 38.8V/d61.110/o I also we can continue to find Apprentices-well done getting six ! My Honorarium can I suggest be £125, and my bank account is Barclays on Market place, Kettering-20 45 77 alc number 80850853 . It has been good to work with you- speak s(Kyn. happy to answer any questions! Yours S ncerely Peter Stron