2023-03-31-accounts - The Holmes Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Objectives and	Activitie	s
		SORP reference
Summary ofthe purposes of		Para 'l.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		in carrying out their
had regard to the guidance			duties
issued by the Charity
Commission on public
benefit

			SORP reference
				The Foundation continues to provide good
				quality accommodation for elderly persons
				ofappropriate means and circumstances.
Summary ofthe main achievements ofthe charity,			Para 1.20	Maintenance, repair and improvement issues are dealt with in connection with the
identifying	the	difference the		individual bungalows, the estate generally
charity's	work	has made to		and the services provided, as and when
the circumstances of its				required. A vacancy in connection with one
beneficiaries and any wider				ofthe bungalows has a risen during the
benefits to society as a				year, following the death ofthe occupying
whole.				resident The property in question has
				been fully refurbished and the Foundation's
				procedure is in process to select a new
				resident. The vacancy has also enabled
				certain improvements to be carried out to
				the bathroom ofone ofthe other occupied
				bungalows by way oftemporary relocation
				ofthe residents

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

Financ	ial Review&	ial Review&	ial Review&	ial Review&	ial Review&
Review	ofthe charity's						Para 1.21	The Trustees are satisfied that the
financial	position at				the end			Foundation's position is (and always has
ofthe period								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 required. Other contingencies affecting
								the estate, such as legal matters, may also
								involve significant expenditure. If is also
								considered appropriate to hold reserve
								funds to permit additions to the
								Foundation*s existing property portfolio,	if
								fhe opportunity arises, either by building	on
								the Foundation"s existing land or by the
								purchase of additional pro ert
Amount	of	reserves			held		Para 1.22	2164,524
Reasons for			holding		zero		Para 1.22	Not applicable
reserves
Details	offund materially					in	Para 1.24	Not applicable
deficit
Explanation			of any				Para 1.23
uncertainties			about the
charity	continuing			as a going
concern

The charity's principal sources offunds (including	Para 1.47
any fundraising)
Investment policy and
objectives including any	Para 1 46
social investment policy
adopted
A description ofthe principal	Para 1.46
risks facing the charity
Other

Description ofcharity's
trusts:
Type ofgoverning document	Para 1.25	Trust Deed
How is the charity	Para 1.25	Trust deriving	from a private	Will Trust
constituted'
Trustee selection methods	Para 1.25	As provided	by the Trust Deed
including details ofany
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees

Policies and procedures adopted for the induction	Para 1.51
and training oftrustees
The charity's organisational structure and any wider	Para 1.51
network with which the
charity works
Relationship with any related	Para1.51
parties
Other

mes	ofthe charity t	rustees who manage the	rustees who manage the	charity
	Trustee name	Office {ifany)		Dates acted ifnot forwhole ear	Name ofperson {orbody) entitled to a int trustee ifan
	JSDean	Chairman	&		Per Trust Deed
		Managing	Trustee
2	G TAllen
3	CA Dean	Administrator			Per Trust Deed
4
5
6
7
S
9
10
11
12
13
14
15
16
17
18
19
20

~ e		4		~	~	e	~		s ~	~ ~ s
								Unrestricted		Restricted	Endowment
			Details					funds to nearest R		funds to nearest f	funds to nearest F
81 Cash funds			Lloyds Bank Plc						164,524
					Total		cash funds		164,524
			(agree	balances	with	receipts and payments
							account(s))
								Unrestricted		Restricted	Endowment
								funds		funds	funds
			Detaiis					to nearest k		to nearest R	to nearest R
82 Other monetary assets			None
			Details					Fund asset	towhich belon s	Cost (optional)	Current value o tional
83 Investment	assets		None
			Details					Fund asset	towhich belon s	Cost (optional)	Current value o tional
84Assets retained for		the	Freehold Bungalows
charity's own	use		1-8Fitzalan Road,		Arundel,		West Sussex
								Fund	to which	Amount due	When due
			Details					liabili	relates	o tionai	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		17-Oct-23