REGISTEREO CHARITY NUMBER.. 2552 DUNCAN &TOPLIS RÉPORTOFTHETRUffiES AND UNAUDITED FINANCIALSTATEMEMTS FOR THEYEAR ENDED aoJuNE 2023 FOR FOTHER8Y ALMSHOUSE CHAWllE5 Duncan &Toplis Limited 0￿eY House Linwln Wav Louth tincolnshlre LNII OLS 6SF. duncantoplis.co.uk Kl 11 FOTHEKBY ALMSHOUSE C>IARITIES CONTENTS OFYHE FlNAP4CIAL5TATEMEP￿s FOR THEYEAR ENDED 30JUNE 2023 Rqport ofthg Tfumees I to 2 Ind¢yndent Eum1the￿$ Report Stst*mem of Flnathclal Acthttles IlotèSto tho Flnancthl Statemerts 6 to 10 Deialled siatemert of Finandal Act￿￿￿5 li FOTHERtsY AIMSHOUSE CHARmE5 REPORTOFTrIETRUSTEES FOR THE YEAR ENDED 30JUNE 2023 The trustees present thelr report wlth the flnanclal sraternents ef the charty for the year ended 30 June 2023. The tn15tee5 have adopted the provi5ion5 of Accounting and Reportin8 by Charities.. Staternpnt of Recommended Practlce applicable to chadties prep3rin8 their accout)ts In accordance With the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectwe l January 20191- OBJECTIVES AND AcfMnES 518nffl¢ani a￿￿ttle$ The charity was establlshed by the late Everlry Allenby and endowed by him pursuant to hi5 provision of six almshouses in the par15h of Fotherby and the County of Lincolnshire, in 1867. The trustees have since then continualty mainrained and enhanced thelr provision of sheltered housin8 for those qualifyingfor the scherne. In 2023 the net gain on Investments Wa5£3,48312022.. net lossof £1.7351. Pubjk bonefft In thefurtherance of the objects of the charity. theTru5tee5 have had dut reBafd to Charlty Comml%lon ieneral Éuldance on publlc benefit. FINANaALHEVIEW Reserve5 poliry The Trustees re¥￿e￿ the rÈseNe levels of the charSty anThUal￿. The charfvs level of free ￿erVeS at 30 June 2023 was £214,878 surn that has accumulated over manyYear5. The reason for reserves being accumulated isto prowde 5uffKient worknn8 capital to cover delays between 5pendin¥ and receipt of monies and to provide a cushion to deal wlth une¥pected is$￿5 such as ur8ent maintenance and renovation work, the cost of STrLiclliRE, GOVERPIANCE AND MAtIAGEhlENT r)overnlng d￿UMe1)t The ¥overning document of rhe charity and r(5 linked bodies is a scheme dated 22 Juty 1969 as amended by a scheme dated 13 July 1992. IDdurthiD and tralthlng of thew trustees The training and induction provided for new Trustee5 will depEnd on their existlng tmperience. Where necessary, indurtion wlll provide irainin8 on charity. leÉal and financial matters All new Trustees are 8iven the opportunity of a visit to the Almshouses and the thance to meet wi(h otherTrustee5. l Trustees are provided with copies of policies, procedures, rninute5, allounts, budgets. plans and other documents that they ￿11 need to underrake their role as Trustees. As there are normally few newTrustees o year, induction tends to be done inforrnally and Is tailored to the need5 of the Individual. Wldtr nttwork The constituents of the FotherbyAlmshouse ChaNtle5 are.. Fotherby Almshouses Iiharity number 225280-11 Fotherby A1ffl5house5AlleThby Endowment (charity number 22528(￿2) Fotherby Almshouses Furttttr Endowment Fund (cha￿ty number 22528Tr31 John Allenby Coal Fund Itharity number 22528241 John Allenby Repair Fund Icharitynumber 225280-51 John Allenby Beef and Flour Fund (charity number 22528￿6} Risk management The trustees have a duty to identify and rewew the N5ks to which the cha￿ty Is expo￿ and to ensure approprlate controls are in place to provide reasonab￿ assuranceagalnst fraud and error. The Trustees have assessed the fflajor ri5k5to which theorganisatbn Is exp)sed, In parbcularthose relatin8 to the prov15ion of facilitiesto Almspersons and itsfinances. The Trustees have Implemented a number of systemsto asse￿ risk5, especially in the operational areas le.8. sn relat￿ntO property maintenance, and the health and safetyof Alm5per50nsl and in relation to the control of finaneE. Monitorin8 Systems and internal financial conrrols hove been introduced 3nd upheld in orderto minimise risk. Where slÉnlficant financval risk still remains, theTrustees ha￿ ensuredthey have adequate Insurancecover. Paee I FOThEABY ALMSHOUSE CHARME5 REPORfoF ThEIRvmES FOR THE YEAR E140ED30JUNÈ 1023 PEFEREN￿ANDADm1N1STRATI¥1 DEfAIiS Re415tsred Charfty number 255280 Prfn¢lp•l•ddr•ii Mrj Crawford B Lyndon Crestent Louth Llncolnshlre LNII OBJ TTU51••s A S Prfdgeon C Lakln8 H M Stubbs MThornallty T Hunter Mrsj Harris Mts L Thomp50n Mr5 C Chen laFyolnted 18.7.221 Independent Ex•mlMr Duncan &Top115 Ilmlted ey He¢Jse Unco5n Wav Louth Uncoln5hlre LNII OLS 84nkews Lloyd5 Bank 24 Mercer Row lO￿h lincolnshire LNII OBJ Apwoved ￿ orderof the board of tvu#eeson........ and sl8Thed on Its tehalf by: Trustee Page 2 INOÉPENDENT EXAMINER'5 REPORTTQTHETRusfEESOF FOTHERBY ALMSHOUSECHARITIES Independent examinerfs reporttothe tnMtee5 oIFotherby Almshouse Ch•rltle$ I report to the charity trustees on my e¥amlnation of the accounts of Fotherby Almshouse Chariti￿ (the Trust) for the year ended 30 lunt 2023. Rtspon5ibilitie5 and basis of r¢port As the charity rrustees of the Trust you are respoTh￿￿e for the preparation of rhe accounts in accordance ￿th the requirement5 of the Charitie5 Act 20111'theArt'I- report in respect of my Èximination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examirtatSon I havefollo%Yed all applicable Directions $iven bythe Charitycomrnisslon undersection 14515llbl of the Act. Independerf e￿mIner'S 5tstement I have completed my examination. I confirm that no materfal matters have come to my attentlon Sn connertK)n with the exarninatloll 8ivin¥ me cause to bel￿e that in ary material respect.. ctountin8 records were not kept in respect of theTrustas required by Section 130of the Act,. or the accounts do not attord with tmse reiords.. or the accounts do not comply with the applicable requirement5 concerning the form and content of accounts set out in the CharftSes IAccount5 and Report51 Regulation5 2(N)8 other than any re4uirtment that the accotsnt$ 8ive a true and fair view which is not a rnatter considered as parr of an independentexamination. I have no concern5 and have come acr055 no other Matters in connection wf(h the exarnin3t￿n to whKh 3ttentK)n should be drawn In thts report in orderto enable a prop2r understandin8 of the aecount5to be reach￿. Rachel Barrett IFCCAI Duncan &Toplis Limited Oxley House L¢ncoln Way Louth ncolnshire LNii OLS Oate.. Pa¥e 3 FOTHERBY AiMSHOUSE Ctr14AmES ¥rATEMENT OF FINANCIAL AcrivrriES FOR THEYEAR ENDED 30JUNE 2021 2023 Total funds 2022 Total funds Unrestricted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Charitable aafvwles Almsperson5' mainteriance and heatln8 Contributions (net of ￿ld5 of £NIII 23,515 23,515 22,776 Investment income 2,567 2,567 2.311 Total 26,OB2 26,082 25.087 EXPENDfTURE OPI tharlrable a¢tl¥lltes Alm5hou5e Costs 24,768 24.768 20.288 Netgalnslllosse5lon investments 3,4B3 3,483 11.7351 NETINCOMÉ 4.797 4,797 3.064 RECOMCIUAMON OF FUNDS Total funds broughrforwar¢J 210,081 435,C¥JO 645,081 642.017 TOTAL FUNDSCARRIED FORWARD 214,878 435.IX)D 649.878 645.081 The notesform partvfthesefinancial staternent5 Pa8e 4 FOTHERBY ALMSHOUSE CHARMES BALANCE SHEET 30JVNE 2023 2023 Total lund$ 2022 Totsl fund$ Unrestrfcted hjnd Restrfcted fvnd FIXEDA$5ETS Tanoble •ssets Investments 435.( 435,( 195,W 435.(K 192.087 195,960 195,9fKI 435.CD) 630,99) 627.087 CUAREt4T Debtors Cath at bank 355 23.527 355 Z3.527 1015 20.913 23,881 23,882 22,928 CREDrroRS Amounts fallin¥due wkhln one year 14,Wl 14,9641 14,9341 NET CURReNT AsseTS 18,918 18.918 17,994 TOTALASSEfsiESSCURRENT LIABIUTIES 214￿78 435.CK#) 649￿8 645.￿1 214.878 435.Cf#) 649.878 645.081 FUNDS Unrestrfcted funds Re5trfttedlunds 214A78 435.Cf#J 210.081 435,1K TOTAL FUNDS 649,878 645.CQl The flnoncial 5tstements were approved by the Board of Trustees and authorfsed for Issue on ..{ g . O*..: lo ZiF.... and were $18ned on Its behaw bv.. Trustee Th• Mt¢s fomi part of these fifftanclal st8ternents Pa8e 5 FOTHERBY ALMSHOUSE CHARMES NOTESTQ THE FINANCIAL STATEMENTS FOR THE YEAR ENDÉD 30JUNE 2021 AccouimNG POUCIES Bas15 ol prePad￿thefinanrlIl rt¥t•m¢nts The financial statements of the eharity, whlch is a publlc benefit entty under FRS 102, have been prepared Sn accordance with the Charitles SORP (FR5 1021'Accountin8 and Reportin8 by Chanties.. Statement of Recomrnended Practice applicable to charities preparin8 their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic f Ireland IFRS IOZI leffertive l January 20191,, Financial Reporting Standard 102 Yhe Financial Reporting Standard applicable in the UK and RepublK of Ireland, and the Charitie5 Act 2011. The finantia￿ statements have been prepared under the historical cost convention, with the exception of investments whlch a￿ Included at rnarket value, a5 modifted by the revaluation of certain assets. Income I Income is recOgn￿e￿ in the Ststement of Flnan¢lal Artlvitles once the charlty has entltkment ro the funds, ￿ Is probab that the inwme will be received and the arnount can be measured reliabw. Expendlture Liabilities are reco8ni5ed as exp2nditure as soun as there is a kgal or constru¢tNe obllgation committing the tharty to that expenditure. it is probable that a transfer of economic benefits will be required in settlement and the amount of the obliÉation can be rnea5ured reliably. Expenditure is accounted for on an attruals basis and has been classrfied under headings th3t aggregate all cosr related ro the Category. Where costs cannot be directty attributed to particular headlng5 they have been allccatedto activitie5 on a basis consi5tentwth the u5eof resourte5. TanÉlble fixed a55ets Almshouses are maSntsined to such a standard thatthelr residual value ￿ considered to be not less than theircost or most recentvaluation. ConSe4Uent￿ no depretiation is charged. Tax•tlon The charity is exempt from tax on ts charftable actlvities. Fund accounitni Un￿StrICted fundscan be used in actordante with thè th￿ritab￿ ob￿￿1¥@$ at thè dlstrÈtion of thÈtrustéÉs_ Restritted funds can cnty be used for particular restrirted purposes within the objects of the tharity. Restrirtions arise when Specified bythe donoror when funds are raised for particular restricted purposes. Further explanarion of the narure and purpose of each fund is i￿luded in the notes to the financial ststement> INVESThIEFif INCOME 2023 2022 Dlvidends 2,567 2,311 ThumE5' REMUNERAnONAND BENEFfrs There were no trustees, remuner*lon or other benefits for the yeor ended 30 June 2023 nor ft>r the year ended 30June 2022. Tvus*es' expen Th•r•wer• no tru&t¢e5' expenses paid fortho yoJr ond•d 30Jun• 2023 nor for th• yqar*ndad 30Jun• 2022. Pa8e 6 tontinued... FOTHERBY ALMSNOUSE CHARMES NOTESTOTHE FINANaAL STATEMENTS- whtlhued FOR THE YEAR ENDED 30JU14E 2023 COMPARATIVE5 FOR THEsTATEMEr￿ OF FINANCIALArrivmES Unrestricted fund Restricted fund Total funds INCOME ANO ENDOWMENT5 FROM CharTrtsble actlvltOe$ Almspersons, maintenance and heatinÉ c0ntnbu1￿n5 Inet of volds of £NIII 22,776 22,776 Investrnent income Z,311 2.311 Tolal 25,087 25,087 EXPENDrruRÉ ON Charttsble aal¥ftfjes Alm5hou5e Costs 20.288 ZO,288 Net8alnslllossesl on Investments 11,7351 11,7351 NET INtI)ME 3,064 REcoNauAnON OF FUNDS Total funds brou8ht farward 207.017 435,(M)D 642,017 TOTALFU14DSCIRRIED FORWARD 210,081 435,rKKI 645,081 TANGIBiE FIXEDASs￿5 Freehold property COST At ljuly 2022 and 30June 2023 435.riyj NET BQOK VALUE At 30June 2023 435,￿￿) At 30June 2022 435,IMX) FIXED A55ET114VESTMENTS Investments MARKETVALUE At I July 2022 Additions Revaluations 192,087 390 3,483 At 30 lune 2023 195,960 NETBOOKVALUE At 30 lune 2023 195,960 At 30June 2022 192,067 There were no investment 355ets outside the UK. Page 7 ontinued... FOThER8Y ALMSIIOU5E CIIARITIES NOTESTOTHE F114ANCIALSTATEMENTS-¢ontlnued FOA ThE YLAR ENDED 30JUNE 20IJ FIXED A55ET IP4VESTME14T5- contlnwd Costor¥aluatlon at 30June 20231$ represented bv.. Investments ValuatSon In 2023 195,960 DEBTOR5.. AIAQUNT5 FAWWG DUE wmiiN ONE YEAR 2023 2022 Prepald expenses 355 2,015 tREDITOR5'. AmouF￿r$ FAWNG WE WITHIM QNE Y&IR 2023 2022 Ttade creditors 4.964 4,934 MOVEMENT Ir4 FUNOS Net mo¥emEnt in funds At 30.6.23 At 1.7.22 Llnre5tricted lunds General fund 210.081 4.797 214,878 Restrfj¢tedf¥￿s Restdrted fund 435,Lh)J 43S.(X)O TOTAL FUNDS 645,081 4,797 649.878 Net movement in fund5. included in the aboveareas follow5.. Incomin resources Resources e¥pended Gain5 and loyes M¢)vement Sn fufids ilnrestrkned funds General fund 26,082 124,7681 3,483 4,797 TOTALFUN05 26,082 124.7681 3,483 4,797 P4eB continued... FOThERBY ALMSHOUSE CHAkinES NOTESTOTHE FINANCIALSTATEMENTS-(ontinued FQR THE YEAR ENDED 30JUNE 2023 MOVEMENT IN FUNDS- tortlhuèd Comp•i•tiv*sfor rrbLwementinlunds et movement in funds At 1.7.21 30.6.22 Unrestrkted funds General fund 207,017 210,081 Restrfded luhds Restricted fund 435.wo 435,CQO TOTAL FUNDS 642,017 3,064 645,081 Comparat￿e ner movement in funds, Included In theabo¥e are asfollows- Incoming resource5 Resources expended Gains and losse5 Movement in funds Unrtstrirtedlund5 General fund 25.087 120,2881 IL7351 TOTAL FUNDS 25.087 120,2881 11,7351 A current year 12 months and prioryear 12 monthscomblned posStlon Lgas follows.. Net movement in funds Al 30.6.23 At 1,7.21 Vnrestrktedfund$ General fund 207.017 7.861 214,878 Resirf¢ted fvnd5 Restricted fund 435,OCbJ 435,LN)O TOTAL FUNDS 642,017 7,861 649.878 Acurrent year 12 months and prloryear 12 months comblntd net movement in funds, Included in the above are as follows.. Incoming resources Resources expended Gain5 and ovement In funds UMestrKtedfunds General fund 51,169 145.0561 1,748 7,861 TOTAL FUNOS 51,169 145,0561 1,748 7,861 PaRe 9 contlnued... FQTHEItBY ALMSHOUSE CHARMES NOTES TO THE FINANCIALSTATEMENTS. contlnued FOR THE YE￿ EIIDED 30JVNE 2023 io. RELATED PARTY DISCLOSURE5 There were no related partytrtnsartionsfor the year ended 30June 2023. Pa8e 10 FOThER8Y ALMSHOUSE CHARMÉS DET￿lE0$1ATEMENT0F FINANCIALA￿¥MES FOR THE YEAR ENDED gOJUNE 2023 2023 2022 INCOME AI4D ENDOWMENTS Inve#ment IrKome Dividends 2.567 2,311 harftable Contributions receivable SeryKe charÉe rettivable 14,468 9,047 14,040 8.736 23,515 22,776 Total Intomlrf resources 26.082 25,087 EXPE14DThURE Charttable artW$ TV Licence Garden maintenance Repairs and maintenance Rates and water Insurance Electricity Retainerfee Alami system monltoriryg 1,758 7,740 1.331 1,020 308 25 949 6,780 1,749 5.142 L232 938 301 250 937 5,581 20.136 16,138 Supwt costs Other Clerk's $31ary and honorarium Independent exarniner'5 fee5 lindudin8 VAn Sundrie5 Postage and stationery Subscriptions QuSnquennlal inspection I,z 2,732 14 1,2 1,190 15 72 593 1.080 638 4,632 4,150 Total resources expended 24.768 20,288 1,314 4,799 Thls pale does norform parrof rhe statutory financial staternert5 Page 11