Twynams Charities
Annual report and accounts for the year ended
31[st] March 2023
| Charity Number : | 255571 |
|---|---|
| Correspondence address : | Jem, The Lilies |
| Horton Heath | |
| Eastleigh | |
| Hants SO50 7QH | |
| Trustees : | Steven Broomfield (Eastleigh Borough Council) |
| During the year ended | Anne Winstanley (Bishopstoke Parish Council) |
| 31stMarch 2021 | Desmond Scott (Fair Oak & Horton Heath Council) |
| Dick Whittington (co opted) | |
| Nicholas Couldrey (co opted) | |
| Steve O'Connell (co opted) | |
| Charity’s Governing | Charity Commissioners Scheme |
| Document : | dated 12 March 1968 |
| as amended 15 January 2013 | |
| Clerk to the Trustees : | Morag Kirby (until 30thMarch) / Alison Mears (from |
| 31stMarch) | |
| Bank : | NatWest Bank plc |
| Eastleigh | |
| SO50 9XN | |
| Independent Examiner : | Eleanor Greene of Do the Numbers Ltd |
| Area of benefit : | Bishopstoke, Fair Oak and Horton Heath |
| Investment policy: | Sums of cash not needed for immediate working |
| purposes shall be invested in the name of the | |
| Official Custodian unless the Charity | |
| Commissioners otherwise direct. | |
| All funds are held in the name of Twynams | |
| Charities. |
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TWYNAMS CHARITIES
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2023
Aims
To provide affordable housing for those in need of assistance who are resident within the areas of Bishopstoke, Fair Oak and Horton Heath.
The Trustees shall first defray out of income the cost of repairs and insurance for the terrace of five houses known as Twynams Cottages in Fair Oak Square, Fair Oak, Hampshire. When sufficient funds are available help for people in need, who are resident in the area, will be met.
Review of progress and achievements
This has been another year of consolidation. General refurbishment and maintenance has been undertaken to improve the habitability of the properties.
Future projects
The Trustees have budgeted in the next financial year to to continue improvements to the site for the benefit of the Tenants and wider community.
Anne Winstanley Date Chair
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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF TWYNAMS CHARITIES
FOR THE YEAR ENDED 31 MARCH 2023
I report on the accounts of the Charity for the year ended 31[st] March 2023, which are set out on page 4.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act
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to follow the procedures laid down in the general Directions given by the commission under section 145(5)(b) of the 2011 Act
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to state whether particular matters have come to my attention
Basis of independent examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the 2011 Act and
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to prepare accounts which accord with the accounting records and comply with the accounting, requirements of the 2011 Act have not been met or
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(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
Eleanor S Greene Director, Do the Numbers Ltd
Date 26[th] May 2023
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TWYNHAMS CHARITIES FINANCIAL STATEMENTS for the year ended 31[st] MARCH 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Receipts | £ | £ | £ | £ | |
| Rental income | 24,960 | 31,200 | |||
| COIF income | 114 | 364 | |||
| Bank interest | 87 | 3 | |||
| Insurance claim | 0 | 1243 | |||
| Total receipts | 25,161 | 32,810 | |||
| Payments | |||||
| Property repairs and maintenance | 14,137 | 28,708 | |||
| Insurance | 1,409 | 1,284 | |||
| Accountancy charges | 125 | 125 | |||
| Management | 2,610 | 3329 | |||
| Utilities on vacant property | 0 | 0 | |||
| Office and administration | 25 | 6 | |||
| Donations to Charitable organisations | 7,500 | 4,500 | |||
| Total payments | 25,806 | 25,245 | |||
| Net income / (expenditure) | -645 | 7,565 | |||
| Statement of assets and liabilities | |||||
| as at 31 March | 2023 | ||||
| Tangible fixed assets | |||||
| 476 to 484 Fair Oak Road (freehold of terraced houses) | |||||
| Fixed asset investments | |||||
| M&G Charifund 468 Units | 7,677 | 7677 | |||
| Current assets | |||||
| Nat West current account | 1 | 1 | |||
| Nat West reserve account | 21,313 | 21,628 | |||
| 21,314 | 21,629 | ||||
| Anne Winstanley | Date | ||||
| Chair |
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