## **THE CHARITY OF HANNAH CLARKE FOR ALMSHOUSES** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED** **31 DECEMBER 2024** **REGISTERED CHARITY NO: 245212 HOUSING CORPORATION NO: A4012** **Cound & Co LLP** **Chartered Accountants** **1 Princes Court Royal Way Loughborough Leics LE11 5XR** **Tel: 01509 214163** ## **THE CHARITY OF HANNAH CLARKE FOR ALMSHOUSES FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** |Trustees Report
Report of the Accountants
Receipts and Payments
Statement of Assets and Liabilities
Notes to the Financial Statements|**INDEX**
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7 - 9| |---|---| **- 1 -** ## **THE CHARITY OF HANNAH CLARKE FOR ALMSHOUSES** ## **TRUSTEES REPORT** ## **1) Reference and Administrative Details** **Charity Number** 245212 **Housing Corporation Number** A4012 **Principal Office** The Charity of Hannah Clarke for Almshouses Hannah Clarke Court Park Road Birstall Leicester LE4 4AW **Accountants** Cound & Co LLP 1 Princes Court Royal Way Loughborough Leicestershire LE11 5XR **Principal Bankers** The Co-Operative Bank plc P O Box 250 Delf House Southway Skelmersdale WN8 6WT ## **Trustees** The trustees serving during the year and since the year end were as follows: Ms R Kelham A Atkinson D J Marlow Mrs M Allen Mrs P Evans Ms M Jelley ## **2) Structure, Governance and Management** ## **Governing Document** The charity was established under a Trust Deed financed by a legacy from a Miss Hannah Clarke in 1922. A subsequent Trust Deed (dated 15[th] April 1985) was drawn up with amended objectives/aims. ## **Appointment of Trustees** Trustees are appointed in accordance with the Trust Deed of 15[th] April 1985. There is a requirement to have six Trustees, two of who are nominative and four co-optative trustees. The two nominative Trustees are appointed by Birstall Parish Council and the co-optative trustees are appointed from persons who have knowledge of Birstall and experience in the administration and maintenance of sheltered accommodation. **- 2 -** ## **THE CHARITY OF HANNAH CLARKE FOR ALMSHOUSES** ## **TRUSTEES REPORT (continued)** ## **2) Structure, Governance and Management (continued)** ## **Trustees Induction and Training** New trustees are advised of their obligations under charity and company law, the content of the governing Trust Deed, as well as the structure and decision-making process of the trustees committee. ## **Organisation** The board of trustees normally meet approximately 4 times a year, and when necessary the trustees meet in between these times to discuss, and where necessary, act upon urgent matters which may arise. ## **Risk Management** The trustees confirm that the major risks, to which the charity is exposed, have been reviewed and systems have been established to mitigate those risks: - (i) The properties are properly insured and well maintained. - (ii) All bank transactions have to be authorised by, at least, two trustees. - (iii) The financial progress through the year, compared with the annual budget, is presented by the treasurer at the regular trustees’ meeting. ## **3) Objects and Activities** The original Hannah Clarke Almshouses were a complex of six bed-sitters constructed in 1922 and financed by a legacy from a Miss Hannah Clarke a lady with a concern for women of her generation, single or widowed, who at the end of their working lives were without a home in which to spend the remaining years of their lives. In her original and uncomplicated Trust Deed the stipulation was made that each resident should pay a fixed rent of (12.5p) per week. This meant that over the years the rental income was not sufficient to maintain and modernise the buildings. With the departure of the last resident in 1982 the old and deteriorating buildings were demolished. A new Trust Deed (dated 15th April 1985) was drawn up and a new complex of eight flats (“Hannah Clarke Court”) was constructed on the site to provide accommodation for “poor, aged women who are unmarried or widowed”. ## **4) Public Benefit** The trustees confirm that they have referred to the Charity Commission’s guidance on public benefit when reviewing the charity’s aims and objectives in planning future activities and policies. We continue to provide dwellings in the community for single ladies over the age of 60 who are in need, through hardship or other circumstances, within the confines of the trust deed. ## **5) Achievements and Performance** A routine Quinquennial Inspection was carried out by a specialist surveyor approved by the Almshouse Association. The survey included buildings, individual flats, communal areas, gardens, energy efficiency, and legionella risk assessment. The General Structural Condition Report stated that “The property is in good condition with no major items of disrepair, some minor issues need addressing and some maintenance will be needed within the quinquennium. The flats are all ‘decent’ according to the Government’s Decent Homes Standard.” The five yearly electrical installation inspection was carried out By MGS Electrical. All work was completed as recommended by the electrician. Refinements in the bathroom of flat No. 5 included a new vanity unit and shower along with various additional items improving the facilities for the resident. Mr. David Marlow’s planning, for a progressive series of improvements and updates to the Almshouses continued throughout 2024. An opportunity arose to install a new kitchen in flat No. 2, during the resident’s absence. There were also improvements to the electrical installation, energy efficient lighting, insulation and general decorating within the property. **- 3 -** ## **THE CHARITY OF HANNAH CLARKE FOR ALMSHOUSES** ## **TRUSTEES REPORT (continued)** ## **5) Achievements and Performance (continued)** The garden storage facilities, external security and other general improvements to the residents’ communal areas, were also completed during 2024. The paving in the garden seating area, other paved areas and the car parking surfaces were renovated by a specialist contractor. The north east garden at the front of the property, continued to be professionally developed by Dragonfly Gardening and has now become an attractive feature of the property. Several residents are enthusiastic gardeners and the trustees have provided support. The trustees are delighted to report that the regular Christmas social event was combined with a resident’s 70[th] birthday party at the Charnwood Golf and Leisure Centre. All the residents expressed thanks for the Trustee’s work and support throughout 2024. ## **6) Financial Review** The finances of the Charity continue to remain healthy. At the end of the financial year, we had cash reserves of £103,984 (2023: £108,807) and there was an operating deficit of £4,823 (2023: £11,687 deficit). **- 4 -** ## **REPORTING ACCOUNTANT’S REPORT TO MEMBERS OF** ## **THE CHARITY OF HANNAH CLARKE FOR ALMSHOUSES** We report on the accounts for the year ended 31 December 2024 set out on pages 4 to 7. ## **RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND REPORTING ACCOUNTANT** The Trustees of The Charity of Hannah Clarke for Almshouses are responsible for the preparation of the accounts, and they consider that The Charity of Hannah Clarke for Almshouses is exempt from an audit. It is our responsibility to carry out procedures designed to enable us to report our opinion. ## **BASIS OF OPINION** Our procedures consisted of comparing the accounts with the accounting records kept by The Charity of Hannah Clarke for Almshouses and making such limited enquiries of the officers of The Charity of Hannah Clarke for Almshouses as we considered necessary for the purpose of this report. These procedures provide the only assurance expressed in our opinion. ## **OPINION** In our opinion: - the accounts for the year ended 31 December 2023 are in accordance with the accounting records kept by The Charity of Hannah Clarke for Almshouses under paragraph 135(2)(a) of the Housing and Regeneration Act 2008; - having regard only to, and on the basis of the information contained in the accounting records: - the accounts comply with the requirements of the Charities Act 2011; - The Charity of Hannah Clarke for Almshouses has satisfied the condition for exemption from an audit of the accounts for the year ended 31 December 2023 specified in Section 136 (6) of the Housing and Regeneration Act 2008; - the accounts comply with the requirements of the Housing and Regeneration Act 2008 and the Accounting Direction for private registered providers of social housing in England (2022). Cound & Co LLP Chartered Accountants 1 Princes Court Royal Way Loughborough Leics LE11 5XR 29 September 2025 - **5 -** ## **THE CHARITY OF HANNAH CLARKE FOR ALMSHOUSES** ## **RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024** |||2024||||2023|2023|| |---|---|---|---|---|---|---|---|---| ||Unrestricted|Funds|Total|Funds||Total|Funds|| |TURNOVER||||||||| |Social Housing Lettings||24341||24341||||23312| |OPERATING COSTS||||||||| |Services|9160||9160|||8124||| |Management|4561||4561|||2329||| |Day to Day Maintenance|8896||8896|||5564||| |Cyclical Maintenance|9500||9500|||22158||| |Maintenance of Equipment|960|33077|960|33077||901||39076| ||____|_____|____|_____||____||_____| |||(8736)||(8736)||||(15764)| |INTEREST RECEIVABLE & OTHER INCOME:||||||||| |Interest Receivable||3913||3913||||4077| |||_____||_____||||_____| |(DEFICIT)/SURPLUS FOR THE YEAR||(4823)||(4823)||||(11687)| |Purchase of Fixed Assets||-||-||||-| |Bank Balances Brought Forward||108795||108795||||120482| |Bank Balances Carried Forward||103972
______||103972
______|||£108795
______|| |||||||||| - **6 -** ## **THE CHARITY OF HANNAH CLARKE FOR ALMSHOUSES STATEMENT OF ASSETS AND LIABILITIES AT 31 DECEMBER 2024** |
TANGIBLE ASSETS
Freehold Housing Land
Almshouses - Cost to Date
Less: Housing Corporation Grant
Fittings & Equipment
CURRENT ASSETS
Petty Cash
Bank Account
COIF Deposit Account
NET CURRENT ASSETS
TOTAL NET ASSETS
FUNDS REPRESENTED BY:
Revaluation Reserve
Cyclical Maintenance Reserve
Extraordinary Maintenance Reserve
General Funds|Notes 2024
2023
5
a)
100000
100000
241503
241503
b)
143556
97947
143556
97947
_______
_______
c)
2164
2546
______
______
200111
200493
______
______
12
12
26461
11697
77511
97098
______
______
103984
108807
______
______
103984
108807
______
______
304095
309300
______
______
6
100000
100000
10244
14444
168723
159523
25128
35333
______
______
£304095
£309300
______
______|100000
97947
2546
______
200493
______| |---|---|---| |||12
11697
97098
______
108807
______| |||108807
______
309300
______| These financial statements were approved by the Trustees on 29 September 2025. ...................................................... A Atkinson Trustee ...................................................... M Jelley Trustee **- 7 -** ## **THE CHARITY OF HANNAH CLARKE FOR ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS – FOR THE YEAR ENDED 31 DECEMBER 2024** ## 1 PRINCIPAL ACCOUNTING POLICIES ## a) Basis of Accounting As the charity is a small entity, accounts have been prepared on a Receipts and Payments (cash) basis. Accordingly, none of the Charity or Registered Social Housing SORPS are applicable to this charity. ## b) Turnover Turnover represents maintenance contributions receivable. ## c) Supporting People Contracts Income relating to supporting people services are included within the maintenance contributions within turnover. ## d) Housing Properties The original Hannah Clarke Almshouses were constructed in 1922 and demolished in 1982. A new complex of eight flats, “Hannah Clarke Court”, was constructed on the site, funded by a Housing Corporation Grant, a loan from the National Westminster Bank, and the balance from the resources of the Hannah Clarke Trust. The flats were occupied in December 1994 and have been valued on the basis of the cost of construction and related professional fees. No charge has been made for depreciation of the buildings because the trustees intend to maintain the properties in such a way as to ensure that they have an indefinite useful life. ## e) Housing Association Grants A Housing Association Grant (HAG) has been received from the Housing Corporation to reduce the cost of development and it is, therefore, shown as a deduction from the cost of Housing Properties on the Balance Sheet. The HAG is repayable under certain circumstances, primarily following the sale of the property but the repayment will normally be restricted to the net proceeds of sale. ## f) Future Cyclical Repairs and Maintenance The Trustees intend to establish a regular programme of cyclical repairs and maintenance and a Cyclical Maintenance Fund has been set up in accordance with the terms of the Trust Deed, which suggests an annual appropriation of £870. Because of inflation since 1985, the Trustees have made an appropriation of £5300 in 2023 (2022: £5300). ## g) Extraordinary Repairs Fund The Trustees have set up an Extraordinary Repairs Fund in accordance with the terms of the Trust Deed, which suggests a minimum appropriation of £390. The Trustees have made an appropriation of £9200 in 2023 (2022: £9200) based on the Housing Corporation formula of 0.8% of the estimated reconstruction costs. ## h) Value Added Tax Hannah Clarke for Almshouses is not registered for Value Added Tax. In these financial statements, where VAT is applicable, expenditure is shown inclusive of VAT. ## 2) DIRECTORS EMOLUMENTS AND RELATED PARTY TRANSACTIONS - (a) The Directors are defined as the Trustees and the Honorary Treasurer to the Trustees. - (b) None of the Trustees or the Honorary Treasurer to the Trustees received any emoluments. **- 8 -** ## **THE CHARITY OF HANNAH CLARKE FOR ALMSHOUSES** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2024** |3)
4)
5)
a)
b)
c)|EMPLOYEE INFORMATION
The Trust has no employees.
NUMBER OF UNITS IN MANAGEMENT
2024
2023
Number of Flats
8
8
___
___
TANGIBLE FIXED ASSETS
Freehold Housing Land
At Valuation
At 1 January 2024 and 31 December 2024
£100000
______
Housing Properties
Completed Flats
Cost
At 1 January 2024 and 31 December 2024
£241503
______
Less:
Housing Association Grant
At 1 January 2024 and 31 December 2024
£143556
______
Net Book Value at 31 December 2024
£97947
_____
The flats are valued at £1,220,024 for insurance purposes. This valuation, by definition, reflects the cost of
demolition and rebuilding and, therefore, may be significantly different from the open market value.
Fittings & Equipment
Cost
At 1 January 2024
19675
Additions
0
_____
At 31 December 2024
£19675
_____
Depreciation
At 1 January 2024
17129
Charge for Year
382
_____
At 31 December 2024
£17511
_____
Net Book Value
At 31 December 2024
£2164
_____
At 31 December 2023
£2546
_____| |---|---| **- 9 -** ## **THE CHARITY OF HANNAH CLARKE FOR ALMSHOUSES** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2024** ## 6) RESERVES |B/F
R&P Deficit
Non cash item (depreciation)
Actual cyclical maintenance costs
Cyclical maintenance provision
Extraordinary maintenance provision
C/F|General Funds
35333
(4823)
(382)
9500
(5300)
(9200)
______
£25128
______|Cyclical
Maintenance
14444
(9500)
5300
______
£10244
______|Extraordinary
Maintenance
159523
9200
______
£168723
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