The Amy Louisa Robinson Charity Trustees' Report And Financial Statements For the year ended 5th April 2022 **Registered Charity No. 270252** THE AMY LOUISA ROBINSON CHARITY ## INFORMATION **----- Start of picture text -----**
Charity Number 270252
Principal Address Bretherton Law
27-31 Verulam Road
St Albans
Hertfordshire
AL3 4DG
Bankers NatWest Bank Plc
10 St Peters Street
St Albans
Hertfordshire
AL1 3LY
Solicitors Bretherton Law
27-31 Verulam Road
St Albans
Hertfordshire
AL3 4DG
Independent Examiner Moore Kingston Smith LLP
4 Victoria Square
St Albans
Hertfordshire
AL1 3TF
**----- End of picture text -----**
THE AMY LOUISA ROBINSON CHARITY ## CONTENTS **----- Start of picture text -----**
Page
Annual Report 1 - 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 - 9
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THE AMY LOUISA ROBINSON CHARITY ANNUAL REPORT 2022 ## **Constitution and Governing Document** The charity is regulated by a Declaration of Trust on 18 September 1975 and is constituted as a Trust. The registration number is 270252, and the Trust was registered as a charity on 5 November 1975. ## **Trustees** New trustees are appointed by existing trustees. The trustees are responsible for the day to day management of the Charity. New trustees are provided with documentation to enable them to appreciate the Trust's objectives, organisation, method of operation and their responsibilities under the law. In addition existing trustees assist them in becoming fully conversant with their role. The trustees who served the Trust during the period were as follows: Norman Mole Christopher Robert Penn Barrie Lloyd Anne Stockley (Resigned 05/04/2022) Gurjit Singh Bhandal (Appointed 06/07/2021) ## **Objects and activities** The objects of the Charity are to provide housing accommodation either free of rent or at nominal rents for needy men and women of the age of sixty five years and over and being normally resident in the City of St Albans of having family or other associations therewith and with preference being given to persons who are habitual members of Dagnall Street Baptist Church St Albans or failing any such persons of the Baptist Church generally or failing such to needy and aged persons generally. Applications for accommodation, from those currently or formerly living in St Albans, and from friends and relatives of local residents who wish to move to live near their families, have to be in writing. Full details of the information required by the trustees, including a financial statement, is set out in the application form which can be obtained from their solicitors whose address is given above. The Trust's aims and objectives, as stated in its objects clause set out in the preceding paragraph, limit both the number of persons eligible to benefit and the geographical area in which the Trust can function. Taking these factors into account the trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing present and planning future activities. The Trustees have not obtained any professional valuation of the freehold properties owned by the Trust since they are solely used for its charitable purposes. The Trust measures its success based upon occupancy levels of properties held during the year. Aside from brief vacant periods in respect of refurbishments, optimal levels of occupancy were achieved during the year. The Trust Deed authorises the Trustees to hold all of the existing investments but stipulates that any proceeds of sale thereof and any other funds must be invested in such investments as are from time to time authorised by law for the investments of Trust funds. They have power to apply both capital and income to the furtherance of the objects of the Charity. Periodic reports are received from the Fund managers and these are reviewed by the Trustees at their meetings, which are usually held at least twice a year. ## **Reserves policy and financial review** The trustees' policy is to have an average six months' income from all sources available to ensure that the Charity's day to day expenditure is properly funded, and that resources are available to keep the Charity's properties in good repair, so that their value is maintained or enhanced. At the year end the unrestricted funds balance was £1,821,398, which is more than sufficient to maintain the Charity's activities for the foreseeable future. The Charity has no immediate plans to acquire further properties Page 1 THE AMY LOUISA ROBINSON CHARITY ANNUAL REPOR T 2022 ICONTINUEDI Rl8k rèvlew During Ihe ￿riod th• tru•teeo hwe reviewed the rilk in relatron to Ihe PTowrbe8 ovmqd by the Ch•rty and in partt(￿1¥rtho Chatty8 rol8 and r•pula￿￿ b$ • l•ndlord. The trustees have token steps io ensure that ￿tting 8ctiVrt￿s are compliant ￿1th the law. Provision hi¥ bean rnade to eTr8u￿ Ihat 811 appropri4te safety checks are c4m•d oul Ig•• and electricity Jafety th8cks and certificaios, smok• alam>s •tcl. The tsu8loes employ a professional letting agent to en8Urt Gornpliance ￿th all rek*vant Jeoi8latr'on. The iru8iees hové made Ih•moelve¥ avallable to respond to licensoa8' notffj¢alion of any defect8 1 essential repwrs wthin a reA$onable period. The Charity does not requi￿ I1￿￿￿8￿5 to p8y dgP95its. ￿lt doeg requi￿ a m8intenancJJ contribution to be paid fOur-￿eklY in advanr*188 9et out in the Licensee5' Agreernentl. In addition the Chanty undertakos to o)ndud rogu18r m81ntgn0n￿ work on the prope￿eS11 o%YM. Statsment ol R••pon•lbllltl08 of the TruBtee8 rhe truJle¢¥ are requireol to prepoie finanoal statements for each flnancial year whlch glve i trut •nd fair view of the siaits of aff81TS of th? chanly pnd L)f its Incoming re8ourre5 and applic21icn ol resource$, induding the nel In(y)rne or expendilure for the pgrio>y. In Pf¢Pgring th0￿ ffinane401 stvJt¢rn•nts Iru¥leeJ a quir8d lo" l•ct sult9b￿ axtsuntirrfJ polides and th8n 8pply them con8ist8ntty" rnakeludgemenis and e81imat&s thai ar• reasonable and prudeni.. stste ¥th•re aFpllcable ac*A)untino $tsnd8r¢8 and &tai6monts al rnccthmènded practice h8ve been lollowed. 8utyect io gny maiertal dop?rture8 disrjoeed and explainad In ih• h"nindal $tat•m•nt6." Ind • prep•r• th• finana•l •tat•m•Thi• on th• 9Olng conc•m basi• unloss it 18 In￿Pro￿a* 10 prngum• tho1 th• th$rl¢y ￿11 c￿on￿e in cper¥tlon. Thu ttU51ee> are al80 r￿pOng￿le for 50feguarding the a$get4 ol the ch•rity •nd hence for taking re•son&ble 8tep8 for the prevonknon and detection of fraud and othgr irregularitie•. Dli¢lo•ur• ol Inltsmi8llon to Ind•pendent Examlnor In ac￿r￿aTre& charrty law. 88 Ihe ch8r11￿5 trustees, certify th81. so far 88 we aTr aware, there 18 no r•l•vani audit infomalion ol the Charity's Independent Examin•r is unaware of., and we hava t¥k•n 811 lh• sl•p8 thot oughl to havo tsken In ord•r lo m•k• Ourn•1￿ 4￿re ol •ny relevant 4¥di( inform•lbn •nd Io I￿•bI￿ thal th• Ch4rity'$ Indgp•nd•nl Examtnor io •waro ol that infonnation. Sig n behalf of th¢ Tru$te OleLL( C. P•nn 15 D*e Date P8ge 2 # ## ## ## ## ## THE AMY LOUISA ROBINSON CHARITY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2022 |**Unrestricted**
**Restricted Total Funds**
**Note**
**Funds**
**Funds**
**2022**
**£**
**£**
**£**
**Income and endowments from:**
Charitable activities
**2**
83,005
-
83,005
Investments
**3**
36,996
-
36,996
**Total**
120,001
-
120,001
**Expenditure on:**
Charitable activities
**2**
(85,125)
-
(85,125)
Other
**5**
(4,798)
-
(4,798)
**Total**
(89,923)
-
(89,923)
Net gains/(losses) on
investments
**7**
107,025
-
107,025
**Net income**
137,103
-
137,103
**Reconciliation of funds:**
Funds brought forward
1,684,295
351,666
2,035,961
**Funds carried forward 10**
1,821,398
351,666
2,173,064|**Unrestricted Restricted**
**Total Funds**
**Funds**
**Funds**
**2021**
**£**
**£**
**£**
74,281
-
74,281
36,294
-
36,294
110,575
-
110,575
(61,065)
-
(61,065)
(2,962)
-
(2,962)
(64,027)
-
(64,027)
212,375
-
212,375
258,923
-
258,923
1,425,372
351,666
1,777,038
1,684,295
351,666
2,035,961| |---|---| The statement of financial activities includes all gains and losses recognised in the year and all income and expenditure derive from continuing activities. Page 4 THE AMY LOUISA ROBINSON CHARITY 8ALANCE SHEET AT 5 APRIL 2022 Note 2022 2021 Flx•d ••••t•: Tang1t￿e assels Inv¢stsn¢nt¥ 514 354 1,347.131 519.354 1,240, 106 Tot•1 flx•d 1,861,485 1,7S9,460 CuTr•nt aM•t•: Debtor8 C88h gt b8nk gnd in hand 93,322 229,127 52.892 231,3 Totsl currenl a86•18 322,449 284,248 U*blllti••: Crecjiiors.. Amoun*É falling duè thin one y•ar 10,870 7,747 N•t curr•nt u••t• 311.579 278,501 Total aM•t• b•M euff•nt Ilabllltl 2,173, 2,036,987 Tot•1 net M••ts Th• fund• ol lh• chawtty: Restricled fvnds Unr25tricled Unrtsstrlded fiJnd$ IQ Unrestrict8d rava￿all¢n 10 Total unrestrict•¢l ID 351.668 351,8eé 1,230.925 s￿,473 1,821,399 1.200 847 483.448 1,684.295 Tot•1 lynd• proved by the Board olTru8t8&S Signed on rts by.. C Penn N. Mol• Date Date Page 5 THE AMY LOUISA ROBINSON TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2022 ## **1 Accounting policies** ## **Basis of preparation** The financial statements have been prepared in accordance with the Charities SORP (FRS 102) (second edition - October 2019) – Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The Amy Louisa Robinson Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. ## **Going concern** The trustees have assessed whether the use of going concern and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of the approval of these financial statements. In particular, the trustees have considered the charity’s forecasts and projections and have taken account of pressures on fee income. After making enquiries, the trustees have concluded that there a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. ## **Critical accounting judgements** There are no judgements, estimates or assumptions that affect the amounts recognised in the financial statements. ## **Incoming resources** All income is recognised in the Statement of Financial Activities when the conditions for receipt have been met and there is reasonable assurance of receipt. The following other accounting policies are applied to income:- Interest receivable is calculated on an accruals basis. Rental income from the charity's properties is included in the Statement of Financial Activities gross. All related expenditure, including interest payable, is shown in costs of charitable activities. Rental income relating to future periods is deferred. ## **Resources expended** Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Costs are allocated between categories on a direct basis. ## **Governance costs** Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. ## **Restricted funds** Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is identified to the fund. Page 6 NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 ## THE AMY LOUISA ROBINSON CHARITY ## **Unrestricted funds** Unrestricted funds are donations and other income received or generated for the objects of the charity without further specified purpose and are available as general funds. ## **Tangible fixed assets** Tangible fixed assets are initially measured at cost and depreciated over their useful economic life, for buildings this is deemed to be 50 years. ## **Fixed asset investments** Fixed asset investments are included at market value at the balance sheet date. Realised and unrealised investment gains are reflected in the Statement of Financial Activities. ## **2 Charitable activities** |Income:
Maintenance contributions and rent received
Sundry Income
Expenses:
Property outgoings, insurance and commission
Support costs
Renovation expenses
**3**
**Income from investments**
Dividends
COIF deposit interest|**2022**
**Unrestricted**
**Funds**
**£**
82,446
559
83,005
(43,850)
(10,502)
(30,773)
(85,125)
**2022**
**Unrestricted**
**Funds**
**£**
36,948
48
36,996|**2021**
**Unrestricted**
**Funds**
**£**
74,281
-
74,281
(53,211)
(7,854)
-
(61,065)
**2021**
**Unrestricted**
**Funds**
**£**
36,221
73
36,294| |---|---|---| ## **4 Staff costs** During the year there were no employees. No remuneration was paid to any trustees during the year and no expenses were reimbursed (2021: £nil). ## **5 Other expenses** |Independent examiner's fee|**2022**
**Unrestricted**
**Funds**
**£**
4,798
4,798|**2021**
**Unrestricted**
**Funds**
**£**
2,962
2,962| |---|---|---| Page 7 THE AMY LOUISA ROBINSON CHARITY NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 |**Tangible fixed assets**
Historical cost as at 6th April 2021 and 5th April 2022
Depreciation brought forward at 6 April 2021
Depreciation charged in the year
Depreciation carried forward at 5 April 2022
Net Book Value brought forward at 6 April 2021
Net Book Value carried forward at 5 April 2022|**£**
534,354
15,000
5,000
20,000
519,354
514,354
**UK freehold**
**properties**| |---|---| ## **6 Tangible fixed assets** An independent valuation, commissioned in May 2016, indicated that the market value of the land and properties was in the region of £5,000,000. |**7**
**Fixed asset investments**
Net book value as at 6th April 2021
Unrealised gains
Net book value as at 5th April 2022|**£**
1,240,106
107,025
1,347,131| |---|---| Unrealised gains relate to the change in market value of investments during the year **----- Start of picture text -----**
8 Debtors 2022 2021
£ £
Prepayments and accrued income 2,828 2,392
Other debtors 90,494 50,500
93,322 52,892
9 Creditors 2022 2021
£ £
Accruals and deferred income 10,870 7,747
10,870 7,747
10 Statement of funds Unrecognised
Balance at Movement in resources gain on Balance at
06-Apr-21 Income Expenditure investments 05-Apr-22
£ £ £ £ £
Unrestricted funds 1,200,847 120,001 (89,923) - 1,230,925
Revaluation reserve 483,448 - - 107,025 590,473
Total unrestricted funds 1,684,295 120,001 (89,923) 107,025 1,821,398
Restricted funds 351,666 - - - 351,666
Total restricted funds 351,666 - - - 351,666
Total funds 2,035,961 120,001 (89,923) 107,025 2,173,064
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Restricted funds have been given to the Charity for expenditure on the purchase or reconstruction of any property suitable for meeting the Charity's objectives. Page 8 THE AMY LOUISA ROBINSON CHARITY NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 **----- Start of picture text -----**
11 Analysis of net assets between funds
Unrestricted Restricted Total
Funds Funds Funds
£ £ £
Fixed assets 1,509,819 351,666 1,861,485
Current assets 322,449 - 322,449
Current liabilities (10,870) - (10,870)
Total net assets 1,821,398 351,666 2,173,064
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