REGISTEReD CWITY NUMBER.. 255 REPORTOFnieTRUSTEES AND UNAUDITED FIP4ANaALSTATeM£14TS FOR THE YEAR ENDED 30JUNE 2022 FOR FoniERBY ALMSHOUSE CHARITrES Ouncan & Toplis knmited Oxley House Lincoln Wav Louth ncolnshi LNII OLS
FOTNERBY ALMSHOUSE CHARITIES CONTENTS OF THE FINAPICIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 Page Report of the Trustees l trj 2 Imdepefidet)t Examiner's Report staternent ol Financial Actl*htles Balance Sheet Notes to the Finantial Statements 6 to 10 Detailed Staiernent ol Financial Activities
FOTHERBY ALMSHOUSE CHARITIES REPORTOF THE TRIJSTEES FOR THE YÉAA ENOED 30JUNE 2022 The trustees present thelr report with the financial statemerts of the charity for the year ended 30 June 2022. The trustees have dopted the provlslons of Accounting and Reporting by Charities.. Ststernent of Retommended Practice appllcable to charit4es preparing their accounts in accordance with the Financial Reportlne Standard app1ts1e in the UK and Republic of Ireland IFRS 1021 leffettive l January 20191. OOJEcfivE5 AND AcnvmES 518nlflcart atlsvltiè5 The charity was establlshed by the 14te Everitt Allenby and endowed by him pursuant to his provision ol si¥ alrnshouses In the parish of Fotherby and the County of Uncolnshire. in 1867. The trustees have since then tontinuolly rnaintalned and enhanced their provislon of shelterÈd hou51n8forthose ouèlifyin8 for the scherne. In 2023 the rFet 8aln on Investments was £3,483,12022'. net loss of El.7351. Publlc bendlt In the furtheronce of the objects of the tharity, the Trustees have had due regord to Charty Commlsslon general Èuidance on publlc benefit. FINANCIAL REVIEW Reserves pollcy The Trustees revlew the reseFve levels of the charlty annual. The ch8rfty'S level of free reserves at 30 June 2022 was £210,081. Sum that has accumulated over manv Years. The re150n for reseTres belng actumulated is to provlde sufficient woiking copital to cover delays tween spending and receipt of rnonies and to provide a Cushion to deal th unexperted issues such as urgent malntenance and renovatien work, the cost of whlch can significant. STRUCTLIRE. GOVERNANCEAND MANAGgM£NT Go¥ernlnÉ document The 8overning document of the charlty and its Ilnked bodles Is a scheme dated 22 July 1969 45 amended by a scheme dated 13 Ju 1992. IndLFCtloTr and tralnlt¥ of ew tru¥tee5 The training and IndUCtn provided for new TrusteÈs will depend on their exlstlng expÈrn¢e. Where neSSary. induttion w&ll provide trainin8 on rh4rity, le881 and flnancial matter5. All new Trustees are given the opportunlty of a vlslt to the Alm5hou5e5 and the chance to meet with otherTrustees. AII Trustees are provlded with copies of pollcles. prOcedtsS, rninutes, accounts, budgets, pFan$ and other documents that thty will need to undertake their role os Trustees. As there are nomially few new Trustees a year, induction tends to be done informally and is tailored tothe needs of the indlvidual. Wlder network The constituents of the Fotherby Almshouse Charitie5 are.. Fotherby Almshouses Icharty number 225280-11 Fotherby Almshouses Allenby Erfdowment Icharlty nvmber 225280-21 FothÈrby Almshouses Further Endowment Fund Icharlty number 225280-31 John Allenby Coal Fund (charity nurnber 225282-41 John Allenby Repalr Fund (charity number 225280-51 John Allenby BÈef and Fbur Fund Icharw number 22528041 Rlsk manageme The trustees have a dijty to IdentKy and revw the risk5 to which the charty is exposed and to ensure approprlate contro15 are in place to provide reasonable assurance against fraud and error. The Tru5tee$ have assessed the major risks to which the organlsatlon Is exposed, in partlcular those relatlng to the provislon of facllkles toAlm5persons and its flnènces. The Trustee$ hove implemented a number of 5VSterns to assess rlsks, especially in the operational areas le.8. In relatSon to property maintert0e, and the health and safety of Am5per50nsl and In relatbn to the control of linance. Monltorin8 systems and intÈrnalfinancial controls have been introduced and upheld Sn order to mlnlmlse risk. Where slgnificant financial risk still remalns. theTfUStee5 have ensured they have adequate insurance cover. Page I
FOTHER8Y ALMSHOUSE CHARITIES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30JUNE 2022 REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 255280 Prin£lpal addr Mrj Crawford 8 Lyndon Crescent Louth LNII OBJ TTYStees A S PridEeon D R Clarke Iresigned 8.11.211 C Laking H M 5tubb5 M Thornalley T Hunter Mrsj Harris Mrs L Thompson Mrs C Chen (appointed 18.7.221 Independe#t Examiner Duncan & Topli5 Lirnited Oxley House Lintoln Way Louth LNIIOLS Bankers 24 Merier Kow Lourh LNII 081 Approved by order of the board of trusrees on.. and Signed on its behalf by. Trustee Page 2
INDEPENDENT EV4MINER'S REPORTTOTHE TRUSTEES OF FOTHERBY ALMSHOUSE CHARITIES Imdtpendwt examlner's rèpwt tothe trustees of FothÈrby Almshouse Charhles I report to the charity trustees on my examinatKin of the accounts of FothÈrby M$hOuse Charfties (the Tnjstl for the year ended 30 June 2022. Responslbllliles and b•si5 of report As the chèrity trustee5 of the Trust you are ie5pon5ible for the pparatIon of the accounts In accordan with the requirements of the Charities Att 20111'the Arfl. I report In respett of rny examSnatlon of the Tru5t'5 accounts carrled out under Sethon 145 of the Att and in carrying out mv examlnation I have followed all èpplicable Directions 6iven bythè Charity CommSsslon undersettion 14515llbl of the Art. Independentexaminer's ststemeni I have completèd rny ex8mination. I conflrrn that no material matters have corne to my attentlon in wnnertion wfth the examination giving me cause to lIeVe that in any materlal respett.. cceuntln8 records were not kept Sn respett of the Tru5tas requlred bysection 130 of the Act,. or the accounts do not accord wth those records,. or the Hccounts do not tomply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts Reports) Regulatlons 2008 other than any requlrernÈnt that the accounts 8lve a true and fair view whlch is not o matter consldered as part of an independent examination. I have ro Concerns and have come acro no other matters In connection vAth the examination to which attentbn should be drawn in th55 report In order to enab* a proper understsnding of the accounts to be reached. /f £ /Ott-- Rachel Barrett IFCCAI Duncan & Top115 rnIted Oxley House Llncoln Wav Louth n¢olnshire LNii OLS Date.. Page 3
FOTIIERBY ALMSHOUSE CHARMES STATEMENT OF FINANCIAL ACTIVITIES FOR THÉ YEAR ENDED 30JUNE 2022 2022 Total fund5 2021 Total funds Unrestfirted fund Restricted fund Note5 INCOME AND ENDOWMENTS FROM Charitable artlvit¢es AlmspersorTrs' mainienance and heating contributlOll5 (net of voids of £Nill 22,776 22,776 22,776 Investrnent income 2,311 2,311 1,374 Total 25,087 25,087 24.150 EXPENDIYURE ON Charltable adiwties Almshouse Costs 20.288 2Q.288 13.156 Net 83inslll9ssesl OD investments 11.7351 11.7351 23.398 NET INCOME 3,064 3,064 34,392 REC014CILIATION OF FU140S Total Funds broughl forward 207,017 435,000 642,017 607,625 rnTAI F*INDS faRRIFtTr FnRWARD ?1nnRI nnn n81 6LI? n17 The Thotes form part of these fifiancial 5tsternents Page 4
FOTHER8Y ALMSHOUSE CHARMES BALANCE SHEET 30 JUNE 2022 2022 Totsi fund5 2021 Totsl funds Unrestricted fund Restricted fund Note5 FIXED A55Ef5 Tangible assets InvestmÈnts 435,OLSJ 435.OCQ 192,087 435.(KK> 193.432 192,087 192,087 435,LlJO 627,087 628,432 CURRENT ASSETS Debtors Cash at bank 2.015 20.913 2,015 20.913 1.241 16,944 22.928 22,928 18.185 CREDITORS Amounts fallingdue wh4n one year 14,9341 14,9341 14,6001 NET CURRENT ASSETS 17,994 17,994 13,585 TOTALASSEfs LESS CURRENT LIABIUnE5 210,081 435.0(KJ 645,081 642.017 210,081 435. 645.081 642.017 FUNDS Unrestricted funds Restritted funds 210.081 435.000 207.017 435.( TOTAL FUNDS 645,081 642,017 The financlal ststements We approved by the Board of Trustees and authorised for issue on were signed on Its behèlf by.. and Trustee Trustee The notes form part of these financial ststements Poge 5
FOTHERBY ALMSHOUSE CHARITIES NOTES TO THE FINANCIAL STATEMEfiTS FOR THE YEAR ENDEO 30JVNE 2022 ACCOUNTING POLICIES 8asis of prep3rfng ihelinancial staiements The financial 5t3tem?nts of the chèrity, which is a public benefit entity under FRS 102, have been prepared In accordance with rhe Charities SORP IFRS 1021'Accounting and Reporting by Charities.. Statement of Reiommended Prartiie applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffecti¥e I January 20191,. Financial Reporting 5tan(tard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charitles Act 2011. The financial statements have been piepared under the hisrorical c05t convention, with the exception of investrnpnts which are included at ffiarket value, a5 modthed bv the revaluation of certain assets. Income All Incorne 15 recogni5ed in the StateThent of Finantial Activitle5 once the Charity has entitlement to the funds, it is probable that the Income will be receiwed and the arnount chn be measured llbly. ÉxpendFture abilities are recognised as Èxpenditure as soon as there is a legal or constructive obli8ation committing the charityto that expenditure, Ir is probable that a transfer of econornic benefits will be required in settlernent and the amount of the obligation can be measured reliably Expenditure Is accounted for on an accruals b?sis and has been clas51fied under headings that aggregate all cost related to the category. Where costs cannot be directly èttributed to particular headines they hove been allocated to activities on a basi5 consistent with the use of resources. Tantible flxed assets A1rn5hou5e5 are maintaine(f to such a standard that their residJal value is considered to be net sS than their cost or m05t recent valuation. ConsÈquently no depreciation is charged. Taxation Fund arrountinp when specified by the donor or whÈn tLJnds are fèised for particulèi restricted rJurpos?s. Further explanation of the nature and purpose of each fund Is included in the notes to the Financial staternents. INVESTMENT INCOME 2022 2021 Dwidends 2,311 1.374 TRUSTEES, REMUNERATION ANO BENEFITS There were ntr trustees, remuneration or other benefits for the year ended 30 June 2022 nor for the year ended 30June 2021. Trusiees, expenses There were no tru5tees' expen5e5 paid for the year ended 30 June 2022 norfor the year ènded 30 lunè 2021. Page 6 continued...
FOThERBY ALMSHOUSE CHARITIES NOTES TO THE FINANCIAL 5TATEMEPITS- witlnued SOR ThE YEAR ENDED 30JUNE 2022 COMPARATrVES FOR THE STATEMENTOF FIt4ANCIAL AcfiviTIES Unrestrlcted fund Restred fund Total fvnds INCOME ANO ENDOWMENTS FROM Charltable artfvitles Almspersons, maintenince ènd heatlng contributions Inetof voids of £Nill 22,776 22,776 Investment incorne 1,374 1.374 Total 24,150 24.150 expeNDITURE ON Ch/rltable a¢tl¥lties Almshouse Costs 13,156 13,156 Net galns on Investments 23.398 23.398 NET INCOME 34,392 34,392 RECONCILIAnoN OF FUNDS Totsl fund5 brou8ht forward 172,625 435,LKIO 607,625 TOTAL FUNDS CARAIED FORWARO 207.017 435,0 642.017 TANGIBLE FIXED ASSETS Freehe¢d property COST At I july 2021 and 30June 2022 435,LYJO trIEf BOOK VALUE At 30 June 2022 435,000 At 30Jvne 2021 435,0( FIXED ASSETINVESTME14TS Investments MARXEfvALUE At l July 2021 Additions Revaluatlons 193,432 390 11,7351 At 30June 2022 192,087 NET BOOKVALUE At 30June 2022 192,087 At 30 June 2021 193.432 There were no Investment assets outside the UK. Palle 7 contlnued...
FOTHER8Y ALMSHOUSE CHAAIMES NOTES TO THE FINANCIAL STATEMENTS. tontinued FOR THE YEAR EP4DED YO JUNE 2022 FIXED ASSET INVESTMENTS- contlnued Cost or voluation at 30 June 2022 15 represented by.. Investment5 Valuation in 2022 192.087 DEBTORS.. AMOUNTS FAILING DUE WITHIN ONE YEAR 2022 2021 Prepaid expenses 2,015 1,241 CREDITOR5.' AMOUNT5 FALLING DUE WITHIN ONE YEAR 2022 2021 Trade creditQfS 4,934 4.600 MOVEMENT IN FUNDS Nei tnovement At 30.6.22 At 1.7.21 Unrestricted funds 2070II 435.0 435.10 TOTAt FUNDS 642.017 3,064 645,081 Net movement in fund5, included in the above are 35 follows-. Incoming resources Resources expended Gains and losses Movement In funds Llnrestficted lunds General fund 25,087 120,2881 11,7351 3,064 TOTAL FUNDS 25,087 120,2881 11,7351 3,064 Page 8 continued...
FOThERBY AiMSHOU5E CHARITIES NOTES TO THE FIPIANCIALSTATEMENT5- contlrtued FOR THE YEAR ENDED 30JUNE 2022 MOVEMENT IN FUNDS.wntlnued Comporatlveslor movem¢llt in fvnds Net rnment Infunds At 30.6.21 At 1.7.20 Unre5trictedluThds General fund 172,625 34.392 207,017 Restrk%edlund$ Restricted fund 435,0 435,0 TOTAL FUNDS 607,625 34,392 642,017 Comparative net mcvement In funds, Included in the 4bove are as follows.. Incornin8 source5 Resources expended GaSns and Movement in fvnds Vnre¥trfrted funds General fund 24.150 113.1561 23,398 34,392 TOTAL FUNDS 24,150 113,1561 23.398 34.392 A current yeaT 12 fnonths and prk)r year 12 months combined p051tKsn is as follows.. Net mement in funds At 30.6.22 At 1.7.20 Umre¥trlrted funds General fund 172,625 37,456 210.081 Rtstflrtéd fvnd5 Restricted fund 435,0 435.000 TOTAL FUNDS 607.625 37,456 645,081 A current year 12 month5 and prlor year 12 months wmbined net movement In funds, Included in the obove are as follows.. Incomlng resource5 Re50urce5 expended Galns and Movement in fund5 Unre5trktedfunds General fund 49,237 133,4441 21,663 37,456 TOTAL FUNDS 49,237 133,4441 21.663 37,456 Page 9 cctntlnued...
FOTHERBY ALMSHOUSE CHARMES NOTES TO THE FINANCIALSTATEMENTS- cofitlnued FOR THE YEAR ENDED 30JUNE 2022 RELATED PARTY DISCLOSURES There were no related partytransartions forthe year ended 30 June 2022. Page 10
FOThERBY AiMSHOU5E CHARITIES DAlLED STATEMENT OF FINANCIALAcnvmES FOR ThE YEAR ENDED 30JUNE 2022 2022 2021 INCOME AND ENI)OWMENTS I#$tMent Inwme Dwidends 2.311 1,374 Charitablt 4rti¥ttks Contributions receivable Servlce charge receivable 14,040 8.736 14,040 8.736 22,776 22,776 Total Ir*tomln8 resources 25.087 24,150 EXPENDITURE Charlt4tAe •cti¥ttle5 TV Licence Garden malntenance ReIrS and maintenance Rate$ and water Insurance Elertricr(y RetainerfeÈ Alarm 5YStern monitoring Heating oil 1,749 5.142 1,232 938 301 250 937 5.582 1.663 406 1,164 912 247 250 3,652 16,138 9,142 Support rosts Other Clerk's 5alory and honor3riurn ndependent examiner's fees Ilncludlng VATI Sundrles Postage and statlonery Subscriptions Quinquennial inspection Resldents plants 1,200 1,190 15 72 593 1,080 1,800 1,5LKI 25 575 114 4.150 4,014 Totsl resources expended 20,288 13,156 N¢t incom• 4,799 10,994 Thls page does not form part ofthe stètutorylinan¢lal 5tstements Page 11