GH HALSTOW REL EF IN NEED CHAR NUAL REPORT Y&4R ENDED BÉR REFERENCE NUMBER ACCSYS ACCOUNTANTS IMEDWAY} UMITED D ACCOUNTAKrs F39 INNOVATK)N CENTRE MEDWAY CHATHAM KENT ME5 9FD
GH HALSTOW RELIEF IN NEED C REPORT OF THE TRUSTEES CHAIRMAN Rev. S. G¥tt TRUSTEES MrJ. Myatt rs C. Paek Mr S. Bailèy Urs J. Collins Mrs N. Turrwr tr8 L. PR PAL ADDRESS 9 Methway AvenL Hbh Halstow Roc8[ Kent ME3 8TL NTANT tsy3 ACCOtsnts Imodwayl Ltd Chartered kn>)vntsnts F39 knnovakn Centre Medway Chatham Kent ME5 9FO &4NKER Nati£81 We8trthstw Bgnk PIC Stephens & Son Rc))& House 41 Raikyay Street Chatham Kent ME4 4RP COMMISSION REFERENC
HIGH HALSTOW RELIEF IN NEED CHARrrY us The Truste8s present thèir reprxt and accojnls for yearended 31st O(thT 2023 whKh ry)rnpAywith current sAatut(Hy Tequir8nwts. Ihg Rgvtsed Stat of RecoMm&1&d and the GovemiThJ Document of the Ch8Tty. Th8 Hlgh Halstryw Relief in Ne&Y Charity is an unin(xJrrKJrat8d ¢h8rty gov8rn8d by 8 sdmè dat8d 3rd August 1981, as amended by a fiJrlher scheme dated 27th September 1989, Ir[othng the charities of John Cromp. R6vgr8rKI Robtrrt BurL RKh8rd Whrte and Emmalinè Pya for Blankets for th8 Poor. The Charity was estabEisherl to relEve, eittier generally or indivvJ¥JaMy. Fersons resident the parish of High Halsiow who ara in conditions of need. hardship w disiress by makn'ng grants of or providing iterns. or faclittes calculated to reduce the need. In applw.ng the Ome of Ihe Chwty. wefwerr is given to WoWS who qualfy 8$ beirwJ in condthns of need. har(Jship or dtstress. The Trustees are ftjther emp(NTed to grant rebef to elpible persons in other vilw of the Psnin$ula in the vicinity of the Parish of HKJh Halstow rf the Chanty's income ts not fijty ewdgj for the purposes of relief in need and for broadar ¢haritablg pur[eS withH) the parth of Hoh HalstCMT. Stslemenl of Tnjs nslb1litS Law appllcable t¢• chthgs in ErvJlarKI & W81gs r1rS thè trust to pr8p8rg fin8ndal statamgnts for •8eh finanaal y8arvthtch give 8 true and lairview ofthe Chaiity's financial actfvitstss dwing the year and of its financi81 IM)silion al Ihg end ofthe year lunkn8 lh8 (8nty B entljwl to prnparo on 8ttem8tivg roceipts and payments basis). In preparg finanaal slatThrts grrfirwJ 8 fair lip. the Twst868 8hLMJkl fckn be81 Wacte d.. Sdect sUttab aounrj pc4kl8s and thon appty them ¢onylstentry. Makejudgements and eslThatsg thet are reasonabb and prudenl. ststa wh8th8r applvb19 accounting slandards aTrl Slatnts of r8comm8nd8d PT8Ctic• hav• fc41owed, subiedto any departures dis<S)sed and oxpl8in¢d in th¢ fin8ntsal statemonts. prepare Ihe fjnarKi81 statements on grlng cown bag's eSS it IB inappropnaie to assume that the Charity wil continue n oper8kn. bl dl Tho Trust898 arg respcfflslblg far kagping acojunlirvj rg(xwd$ thsr)s8 wsth roasonabio a(%uracy lh8 flnancial position of th& Charity, 8ThJ whith w8bl8 Ihem to erwre Ihal If fin¥n¢i81 alonlts mpty with the twst deed. They are also reSnsItIe for safeguarding assets of Ihe ChaFity and hence for tsking reasonable sleps fcf the prevenlkn and dat8ctn of fraud and olher rr•3ulwibas. Review of Activit5èB During thé y&8r undér rewèw d4Stributions, am¢)unting to £53,830 wer• madè to 64 individuals. compared wlth dlstrlbuliong of £48,147 to 60 Indlvk1uals In piviou$ year. In addftion. don8tlons 8mountlng io £6,965 12022.. £1,478) were made to organtiOnS wilhin and around the village of High H8lslow. The Trustees conslder each and every grant requesl on its merits having due regard to the Charlty's Govemirbg Document. The Trustees have contknued to prle the actrlilies of the Charity and Ils achievements wilh a to identifying further resi(knts wilhin the Foiish need 4¥ are suffering frla1 hard5lip. Th8 Charity's Trust80s ¢onfrm Ihat they havè 1r duty lo havg (kn to Guid8n( on Public Benefit published by the Chaiity Commi55Th in exerrigng their pc4Kies. The Charty has rewrted a deficit ol irKome ove¥ exwiditure of £19.804 for the year ended 315t October 2023 ¢ompared with a deficit amountrvj lo £8,773 in Ihe prevK)us year. As disch)sed on page 5 of the accxjunts, the value of investments held as fixed assets decreased in Va by £5.431 OYnpar wth their 31st Odober 2022 market Vae. This UnreIsed profil has Th)t been recoJni5ed in the finanrAal slalements for the year.
GH OW RELIEF IN NEED CHARrrY Th8 Tntstoes seNed during th8 al, aThJ the nabjre 0fthr appryntman( were as follvw3.' Ex-ONtio Trnstees Rector ofthe Par&h Church Warden Church Warden Rev. & Mr. J. Myatt J. Cdlir Nominai've TnJste89 Apw)intod by Ihe Parth Mr S. Bailey Mrs C. Peek &>OpOve Trustees Appx)inted through R8%dence, N. Twnsr occuOn or srw.al Kno¥d Mrs T. Stowe Each Trustsg is gnthb8d to ono vote arvj •v8ry matter is d818rmin&J by a maJty of tha vot•8 of the Trus1885 pr858nt. A meeting fequygs a qLKrn oftlwg9 Truslees and in Ihe (e of equ• of¥otos the Chairrnan ofthe m8eUng has thè castmg vote. During the y8ar urKler revlew nD r•muMratkJn was and M axpen899 wgre reknburs•J to tho Trustess ol Charfty. Reserves P It is th6 TrusleBs view that (( prudgnt to artsure that tsre are sufficignt fw roser¥es to provid8 linancial fl8xlb+lty and to enable Ihe Charty to mèèt its comm6tmts as they fau due. Al 31st Oebb8r 2023 the Charity hebd unreslncted r•sorves * histoiic cost of £109.CW12022. £133.396). Rk Man nl Th8 Trusto9s have ass95s tho m81.or risks to th• Chaiity 18 OXF#XOd gnd ara 8atBfOJ that $y8t•ms ar• in pl9¢9 to mliwte ow exposuro lo major rffjks. enl Thg Trustgas monitcrf the p8rf(ffman¢e of th& Ch8rlty'$ rA)TUolo and exwnln? thg finarKid markets for oth8r potentlal inveslments. Th1$ report was approv8d by the Boarf olTrL*1889 Ap 2024 and nl on Its bèhA W. . Rev. S. Gwilt Mrs C. Peek 9 Medway Avenue High Halstow Rochestsr Kent ME3 8TL
HIGH HALSTOW RELIEF IN NEED CHARITY RE EIF AND PAYMENTS ACCOUN THE YEAR ENDED 1ST (oBER STR CTED F NDS 2022 RECEIPTS INCOME RECEIPTS Rents.. Red Dog Stoney Dowr Dfvld8nds Bank D&posrt Int&r8st EDF Energy W8ylèavgS GROSS INCOME 24,999.96 11JO.I)) 17.316.53 227.56 68.57 24.750.49 100.IJJ 16,274.33 27.06 6799 42.712.62 41.219.87 OTHER REcEiwrs IUr8nCe- Red Dog Inn Licenco - Red Do9 Inn Sal& of Inv8strnonts 2.349.47 180.00 2,036.19 180 00 247.37 TOTAL RECEIPTS 45.242.09 43.683.43 PAYMENT CHARITABLE ACTivrrY DIRECT EXPENDtruRE Dlstrlbutlons for Reltef In Need.. To IndivNlu* Church Gravgyard Cloaning High Halslow lM8ry sel) High Halstow PCC 53,830.03 1.565.35 5.(4JO.C4) 400.C 48.146.72 1.257.54 220.CK) 4).795.38 49,624.28 OTHER EXPENDITURE Salary of Clerk and Treasurer LIC¢• - RÈd Dog Inn In8uranc&- Re(1 Dog Inn Legal and Professional Fèes Ind&pènd8nt Ex8mln6¢s F8 Postage and StatK)nery Computer Equlpment and &)ftware 2.140. 180.00 2.349 47 2,920.00 2.100.IXI 180.1)0 2,036.19 2.500. 912.00 113.49 26.36 9.260.72 7.841.66 TOTAL PAYMENTS 170.056.101 5,010.1)) 157,465.941 5,010.00 LOAN REPAYMENTS FROkl HIGH HALSTOW RECREATIONAL FiALL NET BANK REcEiwfs {PAYMEKfsi FOR THE YEAR CASH AT BANK AND IN HAND AT 31ST OCTOBER 2022 (19.804.01) 32.203.84 {8.772.511 40.976.35 CASH AT &INK AND IN HAND AT 31ST OCTOBER 2023 12.399.83 32203.84
STATEMENT OF ASSEfs AND LIABI 2023 ED Computer Ewipmerrt- Cost Less.. Depreciation 626.36 (156.59} TOTAL FIXED ASSErs oNARy ASSETS Bank Currant Acctyjnt Bank Depr¢ Account 6.235.77 6,164.06 9.277.34 22.926.50 TOTAL CASH 12.399.83 32.203.84 DEBT Loan to Halstow R6(xagthl Hal 2.82250 7.832.$0 TOTAL DEBTORS 2.822.50 7.832.50 NVE The Charity owns tha folowry freatM)Id proparb'a8 wIMch b#qatrod by John crfip by Wim d8tsd 8th Avril 1718. Land and building knoym a8 Tho Dog Land contsining two aL¥e8 as Stm D(ym8 Both fraèhdds 8re m81nla6ned In wl ¢ffiditlM an(J are held as Investw*nt propertles to prcduce Income for the aCti¥'e3 of the Cttaniy. A r8valuation of the wopwb'es to Cunt mark8t values for accthjnting purposas has not been carried out as the Trustees are ofthe opTrnion that the cosl %w)uld oulweigh any beffl to the Charity. The Va0 of Th8 R¥(1 Dog Inn tr Irtsvrnnr rr 31st Othr 223 was £l.C#XI,IJW. The Charity hclds long term Nwtiytmen Th8 historul cosl the inves1mts and thr mwkel value on 31st October 2023 was as folhjws.. 2022 Vau alu M&G ChwlLmd Unls 8LK Ch8rilie3 UK BorKI Furyj M&G cPrIt( Unit3 67.044.98 26,99324 )5.53 259.32& 31,625.60 375.24 67.044.98 26,993.24 305.53 263,156.88 33.218.26 382.32 94.343.75 291.326.74 94.343.75 .757.46
HIGH HALSTOW RELIEF IN NE D CHARITY NT OF ASSETS AND LlL1 T 31ST OCTOBER 2023 LIABILITIES 2023 2022 Indtspen(Jent Examinerfs Fee 1,032.lY) 984.00 1.032.IXJ 984.00 Approved by th8 Board of Tru8tg88 Cxb 8th Atrfll 2024 1 slgngd on Its hall ty.. . Gwilt TRUSTEES esoÈiL ) Mrs C. Peek The not8s on page 7 fo part cl tFw8 accwbts.
HIGH TOW RELIEF IN NEED CHARITY NOTES TO THE ACCOUNTS FOR TH END ST OCTOBER 2023 ACCOUMtING POLICIES These accounls combine the accounts of all funds which govemod by Ihe tern of the Pn'ncipal Trust 088d dated 3rd guSt 1981. together wilh the accounts of th8 tharty fDrnIgrfy known as Emmejine Pye for Blankets the Pow. bl These accounts have been prepared on a rfj¢e¥)ts and paYrnts bosr8 and indude inc4)me and expendilure as cash L8 recelved or J. Th8sè accounts h8Vo b8en Fwared In aordanCe wrth the char&S Act ar the Rewsed Statemertt of Recommentsd Practice 2008 ACCnting & Rekth"ng by Ch8rib"es. ST DNldends are cr8dtt•d to tr• r8cipts and paYrnts awjunt when trw arn r•¢•fv•d. Dlder1 Income receNed durir4J the year S as fDI¢yw5: 2023 M&G Charfftjnd Unms BLK Charitie$ UK Bond FuThJ M&G Char6bond Un 15.938.84 1.365.12 12.57 14,1.41 1,365.12 17.316S3 18.274.33
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF WREL N NEED I to the TTUStee3 on rny examination d the aoxurts of HbJh Hastow Relef in Need Charity for the ye ewxled 31st Octthr 2023 set out on pag8s 4 to 7. ibilitY3 Basis of R As th• Chorlty Truste95 you are re$wlbkn for the PTepwatKffl of the acLOLmts in accc¥dance wlth th& rgqulromonts of the ch8r11 Act 2011 Arf). I report in resp8Ct of my examinalK)n (rfthe Trustees. accounts (ni8d out urMl8r S8Ctx)n 145 of tha 2011 Act and In carrying out my èxaminati I havo fc41thwJ all thè ap1&10 Dir9cl gNen by tho Charity Commission und8r Sodion 14515llbl of ts 2011 Acl. Inde ndent Examlnerfs Statsment I have completed my ¢xaminalh)n. I Ccfi Ihal m8len81 matters h8¥e com8 to my 8tt8nticffi in oJnneGtion with tho 8xamlnatlon gM"rwJ me cause to belbeve thal In any matenal IwacL 8cownting records WW8 rnt kept in res of th& Charfty as Tequwed by Sth 130 ofthe Act,. or {21 the accounts do rKt accord wllh tkne r. or 13) lh¢ a¢¢ounls do not conwy wlh th8 applicabl8 requwgm8nts concèming th$ lorm and Ix)nlenl ofaccounts sot out In the Charrties (AcCJnts and Rep) R8gulatknn8 2(M)8 oth8r than any Nulremgnt that th8 accwnts gwe a 'tru8 and fair V, whth 1$ not a mailer ¢onsid¥od as part of an indep8nd8nl oxaminatDn. I have no concems and have rLJme across no other mattws In ¢(Mn&Ctb th the examinaiion to whKh attontion shujld drawn in this report in order to anabk a w)Por w)derslanding of the accounts lo b8 reac. W. WOCKI BA FCA Aecsys Accountanb IMe(kvay) Lttl Chartgrgd Accountsnts F39 Innova1 Centre M Chatham K8nt ME5 9FD 8th Aprfl 2024