2021-03-31-accounts - The Holmes Foundation

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Objecti	ves and Ac	ti	viti	es
				SORP reference
Summary	of the purposes		of	Para 1.17	To provide housing				for	persons of
the charity	as set. out in its				appropriate	means			and	circumstances		in
overnin	document				accordance	with		the Trust			Deed
Summary ofthe main activities in relation to those				Para 1.17and 1.19	The Foundation which it owns in			manages the properties accordance with its
purposes	for the public				declared objects
benefit, in	particular, the
activities,	projects or services
identified	in the accounts.
Statement	confirming			Para 1.18	The Trustees		have regard				to the Charity
whether the trustees have					Commission		guidance			on	public benefit
had regard to the guidance					in carrying out their				duties
issued by	the Charity
Commission on public
benefit
Additional	information	(optional)
You ma	choose to include		further statements		where relevant		about:
				SORP reference
				Para 1.38	Not applicable
Policy on	grant making
				Para 1.38	Not applicable
Policy on	social investment
including	program related
investment
				Para 1.38	Not applicable
Contribution made by
volunteers
Other					Not applicable

Achievements and Pe	rformance
	SORP reference
		The Foundation continues to provide
		good quality accommodation for elderly
Summary ofthe main achievements ofthe charity,	Para 1.20	persons ofappropriate means and circumstances and maintenance repair
identifying the difference the		and improvement issues are dealt with in
charity's work has made to		connection with the individual
the circumstances of its		bungalows, the estate generally and the
beneficiaries and any wider		services provided, as and when required.
benefits to society as a
whole.

Achievements against	Para 1.41
objectives set
Performance offundraising activities against objectives	Para 1.41
set
investment performance	Para 1.41
against objectives
Other

Finan	cial Review	cial Review	cial Review	cial Review	cial Review	cial Review
Review	of the charity's							Para 1.21	The Trustees are satisfied that the
financial	position				at	the end			Foundation's financial position is	(and
of the	eriod								alwa s has been health
Statement			explaining			the		Para 1.22	Having regard to the number and	ages of
policy for		holding			reserves				the Foundation's properties, and	the
stating	why			they	are	held			location of its estate on the flood	plain
									and immediately adjacent to the River
									Arun, it is considered prudent to retain
									sufficient funds to cover future repairs,
									maintenance, alterations and
									improvements which may be needed.
									Other contingencies e.g. legal issues
									affecting the estate may involve
									significant expenditure. It is also
									considered appropriate to have reserve
									funds to enable additions to the
									Foundation's existing portfolio, ifthe
									opportunity arises, either by building		on
									the Foundation's existing land or	by the
									urchase ofadditional ro e
Amount	of		reserves			held		Para 1.22	R$48,708
Reasons for holding						zero		Para 1.22	Not applicable
reserves
Details	of	fund materially					in	Para 1.24	Not applicable
deficit
Explanation				ofany				Para 1.23	None
uncertainties				about the
charity	continuing				as a going
concern
Additional				information			(optional)
You ma		choose			to	include further statements			where relevant about:
									Income generated from properties	owned
The charity*s principal sources offunds (including								Para 1.47
any fundraising)
									None apart from investment in the
Investment objectives			policy and including any					Para 1.46	properties owned
social investment					policy
adopted
									Increased expenditure in repairs and
A description				of the		principal		Para 1.46	maintenance bearing in mind the	ages of
risks facing				the charity					the properties owned and their location
									on the flood plain and proximity to the
									River Arun
Other

Description of charity's
trusts:
Type ofgoverning document		Para 1.25	Trust Deed
How is the charity		Para 1.25	Trust
constituted?
Trustee selection methods		Para 1.25	As provided		by the Trust Deed
including details of any
constitutional provisions	e.g.
election to post or name	of
any person or body entitled
to appoint one or more
trustees
Additional information	(optional)
You ma choose to include further statements			where relevant		about
			A Guideline		Document for Trustees sets
			out the criteria to be followed for the
Policies and procedures			selection of		new residents
adopted for the induction	and
training oftrustees
The charity's organisational structure and any wider		Para 1.51
network wit.h which the
charity works
Relationship with any related		Para 1.51
parties
			An improved		and more detailed form of
Other			application	for the allocation ofvacant
			bungalows	is now used

Charit name		See a cone
Other name the charit uses		Holmes Foundation
Re istered charit	number	See a cone
Chanty's principal	address	12 Merlin Close, Tangmere,	Chichester,	West Sussex PO20
		2WA

ames	ofthe charity t	rustees who manage the	rustees who manage the	charity
	Trustee name	Office (ifany)		Dates acted ifnot for whole ear	Name to a	ofperson (or body) entitled oint trustee ifan
	JSDean	Chairman	8		Per Trust Deed
		Managing	Trustee
2	G TAllen
3	CA Dean	Administrator			Per Trust Deed
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

Name oftrustees h	olding title	to property belonging to th	e ch
Trustee name		Dates acted ifnot forwhole	ear
Ilayor, Aldermen	8
Burgesses ofthe	Borough
ofArundel

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												Receipts		and pa	ments accounts			CC&sa
											For	the period from	1st	rii 2020	To	31st March 2021
	~	l				~			~	~	~ e
											Unrestricted funds			Restricted funds	Endowment funds	Total	funds	Last year
											to the	nearest 6	to the nearest F		to the nearest 5	to the nearest 6		to the nearest K
A1	Recei ts
Rent												30,875					30,875	26,650
Interest																	71	74
Energy account refund												59					59
	u tota			ross income					or
									AR)			31,005					31,005	26,731
A2	Asset and		investment				sales,
see table .
						u		tota
				Total		receipts						31,005					31,005	26,731
A3	Pa ments
Major renovations																		10,678
General maintenance												2,T96					2,796	23,503
Garden Maintenance												5,300					5,300	2,T33
Water 8drainage												3,745					3,745	4,000
Administration												5,000					5,000	5,650
Insurance												1,772					1,772	1,609
Outings																		500
Miscellaneous												T91					T91	3,088
					Sub			tofal				19,404					19,404	51,761
A4	Asset. and		investment
					Sub			fofal
				Tofal paymenfs								19,404					19,404	51,761
	Net ofreceiptsl(payments)											11,601					11,601	25,030
A5	Transfers		between		funds
A6	Cash funds			last year		end						137,107					137,107
	Cash funds this year								end			148,708					148,708

s	e			r	~		~ i ~			~ ~	s	~	~
									Unrestricted		Restricted			Endowment
				Details					funds to nearest E		to	funds nearest f		funds to nearest	F
81 Cash	funds			LLOYDS BANK		PLC				74,463
				NATIONWIDE	BUILDING SOCIETY					74,246
							Tofal cash	funds		148,708
				(agree balances			with receipts and payments
								account(s))
									Unrestricted		Restricted			Endowment
									funds			funds		funds
				Details					to nearest E		to	nearest E		to nearest	R
82 Other	monetary assets			NONE
				Detaiis					Fund asset	to which belon s	Cost (optional)			Current value o tional
83 Investment		assets		NONE
				Details					Fund to which asset belon s		Cost (optional)			Current value o tional
84Assets retained for the				FREEHOLD BUNGALOWS
charity's	own	use		1-8FITZALAN		ROAD, ARUNDEL
				WESTSUSSEX
									Fund	to which	Amount		due	When due
				Details					liabili	relates		o tional		o tional
85 Liabilities				NONE
Signed by one or two trustees behalf of all the trustees			on			Signature				Print	Name			Date of a roval
										JAMES STEWART		DEAN		21/12/2021