2024-12-31-accounts - Platten And Benson Almshouse Charity

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PLATTEN AND BENSON ALMSHOUSE CHARITY

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Xeinadin Dalton House 9 Dalton Square LANCASTER LAI] 1WD

PLATTEN AND BENSON ALMSHOUSE CHARITY

INDEX

FOR THE YEAR ENDED 31 DECEMBER 2024

l Index 2 Legal and Administrative Information 3 Annual Report 4 Independent Examiner’s Report 5-6 Receipts and Payments Account 7 Statement of Assets and Liabilities 8 Notes to the Financial Statements

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PLATTEN AND BENSON ALMSHOUSE CHARITY

! : Governing Document , The Platten and Benson

LEGAL AND ADMINISTRATIVE INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

Charity Registration Number 500574

The Platten and Benson Almshouse Charity is registered with the Charity Commissioners (No. 500574) and constituted by a scheme of the Charity Commission dated 4 January 1974.

The Charity is administered and managed by the Trustees of Lancaster Charity (No. 213461) under a variation of the scheme dated 10 December 1981.

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Trustees

The Trustees, five of which are appointed by Lancaster City Council, are as follows:

Chairman	Mr RW Carradice
Other Members	DameP Fielding
	Mrs S E Hodgson
	Mr C Hanna
	MrA Sandham
	Mrs P Barker
	Rev L Vasey-Saunders
	Ms N Combe
	Dr P F Tynan —Appointed 06 March 2024
	Mrs L Belcher—Appointed 26 September 2024
Appointed by
Lancaster City Council	Councillor D Brookes
	Councillor R Redfern
	Councillor k Budden
	Councillor S McGregor— Resigned
	Councillor C Cozler— Resigned
Bankers	Barclays Bank Plc
	38 Market Street
	Lancaster
	LA] 1HR
Independent Examiner	SW Hinnigan FCACTA
	Xeinadin
	Dalton House
	9 Dalton Square
	Lancaster	,
	LAI1WD

; PLATTEN AND BENSON ALMSHOUSE AND BENSON ALMSHOUSE BENSON ALMSHOUSE ALMSHOUSE CHARITY . ANNUAL REPORT H : FOR THE YEAR ENDED 31 DECEMBER 2024 . Objects, organisation and policies

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PLATTEN AND BENSON ALMSHOUSE AND BENSON ALMSHOUSE BENSON ALMSHOUSE ALMSHOUSE CHARITY

The Charity was founded for the benefit of the people of Morecambe. Councillor Benson and Councillor Platten gifted the money which built the first almshouses known as 1-8, Platten Grove, Morecambe. Since then the Charity has built two further properties - Nos. 9 and 10, Platten Grove.

The object of the Charity, for the public benefit, is to provide housing for “poor aged persons residing in the Borough of Morecambe and Heysham” and to apply any surplus income for the benefit of the almspeople in such a manner as the Trustees think fit.

The residents are expected to contribute towards the cost of maintaining the almshouses and essential services. The day to day running of the Charity is done through the Clerk to the Trustees.

Reserves policy

The charity maintains sufficient free reserves to enable them to cover one year's fixed and administrative expenses and any maintenance costs. Free reserves as at the year-end were £113,434 (2023 — £94,790).

Review of development, activity and achievements

Occupancy was 100% over the year. Minor repairs and maintenance were carried out as required. No extraordinary repairs or large scale projects were necessary.

Following an attempted burglary on one of the properties, security and safety of the whole site was reviewed with local police. This resulted in the installation of motion sensor lighting and simulated cameras in strategic positions, which has helped to reassure residents.

Some slightly more significant, but non-urgent works were identified as being necessary to address in the next financial year, and will be undertaken accordingly. .

The charity has sufficient funds to meet its liabilities.

The trustees consider that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission. Financial review

The market value of funds held in investments increased by 4.3% this year due to further improvement in the market generally.

There are still sufficient amounts held in the funds to comply with the requirement in the Governing Document for an Extraordinary Repair Fund for the purpose of providing for the extraordinary repair, improvement or rebuilding of almshouses belonging to the Charity.

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| ieA. ‘ vt Kee
Mr R W Carradice
Trustee
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Date: 0... cece ce eceee eens

INDEPENDENT EXAMINERS’ REPORT TO THE TRUSTEES OF THE PLATTEN AND BENSON ALMSHOUSE CHARITY

I report to the charity trustees on my examination of the accounts of the charity for the for the year ended 31 December 2024 set out on pages 5 to 8.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

S W Hinnigan FCA CTA Xeinadin Dalton House 9 Dalton Square LANCASTER LAI 1WD

Date: ... Ft) 4#L2e2s”

PLATTEN AND BENSON ALMSHOUSE CHARITY

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

General Purposes Fund
			2024		2023
	Notes	£		£	£	£
Income receipts
Amounts collected from residents				39,876		35,712
Investment Income
Bank interest receivable		796			232,—=t«;
Income from investments	2	3,418			3,351
				4,214		3,583
Total receipts				44,090		39,295
Total payments (See Page 6)				25,446		21,428
Net surplus/(deficit) for the year				18,644		17,867
Cash and bank balances as at
31 December 2023				94,790		76,923
Cash and bank balances as at
31December2024				113,434		94,790

PLATTEN AND BENSON ALMSHOUSE CHARITY

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

General Purposes Fund
		2024			2023
	£		£	£		£
Direct charitable expenditure
Property repairs	13,170			8,850
Grass cutting and gardening	5,400			5,291
Property insurance	1,357			1,324
Water charges	3,659			2,293
Council tax	-			967
			23,585			18,725
Other expenditure
Clerk to the trustees	-			1,340
Management expenses	312			234
Accountancy	1,019			720
Subscriptions	353			343
Sundry	89			-
Motor and travel expenses	88			66
			1,861			2,703
Totalpayments			25,446			21,428

TR,

PLATTEN AND BENSON ALMSHOUSE CHARITY

STATEMENT OF ASSETS AND LIABILITIES

AS AT 31 DECEMBER 2024

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||||||||| |---|---|---|---|---|---|---|---| |2024|2023| |£|£| |Monetary|assets| |Barclays|community|account|42,812|68,382| |Barclays|high|interest business|account|70,622|26,408| |Total|for general|purposes|fund,|as|above|113,434|94,790|

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Non-monetary assets

Permanent endowment

Land and buildings used by the charity: 1-10, Platten Grove, Morecambe Market value at 4th May 1995: £200,000 (Freehold title vested in the Official Custodian for Charities) 3,651.09 Charities Official Investment Fund (COIF) income shares (cost £11,872) 10,341 M&G Investments Charity Multi Asset income shares (cost £6,101)

Designated extraordinary repair fund

571 M&G Investments Charity Multi Asset accumulation shares (cost £3,276)

General Purposes Fund

1,777.98 Charities Official Investment Fund (COJF) income shares (cost £5,561)

Current Liabilities

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Accountancy 814 775
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Approved by the Trustees and signed on their behalf by

~ Mr R W Carradice Trustee Liseteestteessstestessettsetiseesecsss Date

PLATTEN AND BENSON ALMSHOUSE CHARITY

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1 List of residents

No. 1 Ms Yvonne Hutton No. 2 Mr Peter Stevenson No. 3. Mr Brian McCamley No. 4. VACANT No. 5 Mrs Sylvia Dewar No. 6 Mrs Carolyn Fell No. 7 Mrs Susan Dye No. 8 Mr John McCamiey No. 9 Mr Nigel Andy Ford No. 10 Mr Howard Harrison

2 Investments

Investments
Investments	Investment	Income	Market	Value
	2024	2023	2024	2023
	£	£	£	£
Endowment funds
3,651.09 COIF Income shares	2,017	1,989	74,093	72,456
10,341 M&G Charity Multi Asset	419	393	9,600	9,288
Extraordinary repair fund
571 M&G Charity Multi Asset	-	-	69,022	63,898
General funds
1,777.98 COIF Incomeshares	982	969	36,081	35,284
	3,418	3,351	188,795	180,926