2021-03-31-accounts - The Hunter Memorial Homes Trust

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THE HUNTER MEMORIAL HOMES TRUST FINCIAL 8TATEMEK YEAR ENDED 318T MARCH 2021 Incorporatlng the accounts of THOMA8 PYE'S CHARITY Charfty numb•r 500818

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TknYt•tELd¢d31•tMthk 2011 ¥A) 31A) 3(A) 41,596 21.100 1.191 23,317 1,191 63.887 65.4>6 OPERAIINocosrs 3.080 34 12,027 lJ46 2.146 13184 l7,722 415 30 11.829 618 2JJ7 14.259 1&575 soi Ht4t •Ad Lit 1532 3(B) {Si.9711 IYJ.l96) 11,91fj 104,625 (ioi (89,68fJ FOR THEYUR

At31•tMutk U21 41Q557 451Jto 446J57 451a16 502JL6 I.8,8?3 1055 84,758 141 79.952 86A13 (XEDrrw.. Affi fllllknidwwtthln CURRASSBV& 75A44 1.09JJ24 975.4 (lQ6.7J4 {1tr7J40 ¢ygv $67J 194.0tr7 3V03 113.027 2U81 71151 71151 12 494J9t 483.075 867,928 l.(R..I q .1 L,

3ArtmCh IDII TnvesrmeNI BA[AN AT31 PthRCH20L9 L23.79J 39,926 313.058 470.IJ5 957,614 In¢W5 JI Mawh 2020- Ttx (lQ7681 117.3451 (73.813) {IOIJ26) BALANCE AT 31 MARCH2020 ILalY27 21581 483.075 inctheythr¢ndta31 March 2021- T(tsl 11?16 11.916 80980 13.982 10£625 BAL4NCB AT31 NfARCH 2021 194,1) 36,363 258,9 984.469 10

OTES TOTHKIINANCIAL 8TATEhiiNfs F•rTheYearEthd 31rt 2fr21 1.TrIITNaPAL ACC(AJNTThGPOLVCIE8 A lrnport•rta¢¢(Awd#ipoliuM Th• flrwKi •ttswts •rerllTr&whkh i• th#fqnOtiN ¢Trth•Y. r& . 40yuTh thi8htliThi . Joy¢ lin¢ . 25 lin¢ Wbir4 WlrtdLVn &DooN S<idHoNin8 (kwrtlSHQ) in bniwith SORP2018 method,, ts bdd

NcirE8 TOTHE FL¥LYCIAL STATFaiKT4TS F•rTr 3litMare&2021 L PRINCIPAL AccouffflNGPOJJCIKS IC•thll•d) of Into¢nL The ttltttl ¢xptndhuwts In¢ludl uTrd¢r op&its¢tl1. SHG rt¢wi•¢d in the Mm¢Friod•A SFlQrt¢eW bYéev¢lw1p#1vjy•or Trl¢v4Tht¢wndfvJtr in $tstsJntnrof inBiutsl in rnI liibiltyeo. Th¢4mmof3FIQ •dvÈNee lit4111t¢ byrf¥¢vetoth•gytgatyof ill inthe Jttvmimts1104thtyd •r31•tMnth 2021 ill ¢•llpty vAth theSORP. Tr¢hthryhM no ¢mploy¢r4. Vt li 8OVtmtsltytswt#B who r¢¢eiYe rmjnlrr in wyfrrrn. from the ¢h•ity. dEilp•dtyw r¢v¢rn byfvwT¢Bc•rd dKtOiLTh. E1th[¢ b¢dltty •¢taVlNtdtAlltrl b8wJ a k rondition rVeY0f th¢RSIIP'shtyxlns merrie6 and rryr¢mtsth¢dIparQ mdthm th¢ RSHP'Jfutsty¢ rtIl in¢thM#¢. Trd¢r¢wv¢ is thérnntthttth# Bovdtstimth4 kn r¢quirtdforfiknmiior A In6ffit 1$ o oth¢lth in iiwtthitht1 8g•eLoY liabih'tywithin theffnw¢i&l of th¢RSHP. d ryNJiroJ¥ rt4p&¢ivtiy. ThTh¢r¢ i payttwl pkn ellw¢d into forrrn¢rnwbi¢h r4MJ•idurd Eobr rn]lL thl Tr trpMt¢E•kn#¢oniid¢r¢d ITr IIOtofthe on8Oin8 iiluth In r0th¢Covid.19w ( thl]tyto ¢vllthiuo 12

V•rThi YWrSnthd31rtfIrC21II Owned AM (1.191) Isso 3(AI PAMTICULAR8 OFTURNOVBK OPERATThGcr¥r8 AP4D OPLRAThGSURPLUS (DDAotl I YEAR END 2QI Nrrte3(B) 41.596 (51371) {IOJ74 4787 (j11) 21.1 21.lfyj 63.B87 (51971) 11916 (D¢adt) i Notr3(B) 4Q921 1.191 42,119 (53.1 {iU681 {53,196) (ii,oxi 23J17 23Jl? 65.436 (33,196) 13

F•rTbeYwEDd•d SI M•rth 2021 2021 3¢rvk• (*qrw Re4¢Nilr nelofvoido 41 J96 L,I$L 41119 42,787 42.787 42.119 E%t•diiw•On L¢trin8 A¢tivilf4'. AudtroebRrnu4tion 11,829 14,259 16.575 5.74Y 501 12,027 13.834 17,722 (SI.1} (53.196) (9.1841 (11.tr7TJ VoidL<w (bth8YwthI ImtyJm¢ iT¢Mit¢fprwyTub¢iD8 Iti8 tsl¢tynA) (12551 {1.5341 T4yAI thff ¢ootswvrn u follm.. W•p •Dd Soollj 2021 No ¢Ernga Mor¢th £60.11(Kl. Althe hii rto<YnplDyt4 it h¥ noKwM4nNpn¢nt Pmnel. Theknrte¢s rtsmlxv&trJ t¢ thvBwdofhkngrntw¢hvRwbl¢frUK Inc1 2021 WÈTe£Nil (2020.. £Nil). 14

FvTh• Y•vYI 2011 009J 609J71 Al51M¢b 609J71 fm.371 IW85 11.829 138J58 11017 Airt31AtMwEh 161814 NLtBt*V•hJ¢ w •tYIrt)Au 458J16 44U44 lJh47 16JU 562JiO 441(44

FM Th•yrthdJlmlltth 2031 &lNvLNTs IC•Dtknu 2021 II)TIE8TricfED OADE8JGNATEDFUND IfivLsTMENf8 Swiqj Ra#FUnitTnulNAACIF,InwmpUnits 1136 lJ77 1215 M•tkrtV•lu¢ 1.577 1385 Sp¥¢i Rth8eUnliTru%iNAAaF. Tncrffiouni ChrifofyJItievrtIts 24.750 21.260 28,889 T7J23 23.455 50,149 40,778 N•niYAI Holding SparUDtt frust £$39 4353OS 33&B93 435JOB SM.893 NDtlorn1 Accrdirt 740 74J42 729 E4J59 S.N9 75.082 61.lJ88 TL4JiMthV4iuc Epd ofYc4rW AbMI $61316 441OH Ai •t i•tAFdi 290.983

rThi YwExd•dJlrtMArth 2021 l.ois 190 1.68B 3JB4 5J49 SOClhLHOUS]NQGBA14T A• IL l•t Aprll Addldmi In y¢¥ 51atMaTth 119.112 119.112 A¥•tirtA5I 9.975 12J57 ABAt31rtMntb 104755 1tr7.946 IT

F•rTh Fthd•d 311tmh 2P21 TheRSHP that ltyfifjancial InUme Includth¢ So¢itl FkA¥tn8 (lint (SHG% Included as li&bdTtie8 withiti the fi111 #ltgmts. ABth¢ RSFIPh•J lrt¢titiwbJ thipoof houinsprytsm th¢SHOwill thO¢b¢¢LNn¢ I T¥JJLfv bthne oPth¢ SHG fal1lljgd In LYTh The 11nclaI lll•trnm¢nty 2021 In mtt¢ IOA755 1tr7J46 11. ENDoPTh AND RZVALUATIOT4 R&IERVIS 2021 Total Asat IitApril 113,027 21581 135.608 t63.721 80,980 13982 962 14113) A14t31rtMwEh I94,7 23Q.570 135.f The re¥rv¢ rryvt8¢ntsth¢thay in rnwketvahltof i1jts hddithi thgUnr¢6¢ri¢ted 177,( 71tS1 249J45 323.058 9.fj03 (13,813) Ai •t31rtM•r¢ 186,757 isi 258.908 249345 18

2021 Tot T¥ 483.075 470.3 It916 Al•t31•¢M1 483,tr7J 1& ACCOThIMODATtON174 MAT4AGEMwr io 10 I&TAXATION 19

THE HUNTER MEMORIAL HOMES TRUST FINCIAL 8TATEMEK YEAR ENDED 318T MARCH 2021 Incorporatlng the accounts of THOMA8 PYE'S CHARITY Charfty numb•r 500818

p•rTh•YmrFad$tmtl2O3l SIMmFr&J C)*thli Liwxy PrlDElpMT Ollk pokn)I Thetkn 168 Frerf Sts DH3 3YH mBthkpk NFAA IAN MHA Ta&W•]k•r NE3 3LA S(4)818

FvTh• Y•vYI 2011 009J 609J71 Al51M¢b 609J71 fm.371 IW85 11.829 138J58 11017 Airt31AtMwEh 161814 NLtBt*V•hJ¢ w •tYIrt)Au 458J16 44U44 lJh47 16JU 562JiO 441(44

rThi YwExd•dJlrtMArth 2021 l.ois 190 1.68B 3JB4 5J49 SOClhLHOUS]NQGBA14T A• IL l•t Aprll Addldmi In y¢¥ 51atMaTth 119.112 119.112 A¥•tirtA5I 9.975 12J57 ABAt31rtMntb 104755 1tr7.946 IT

2021 Tot T¥ 483.075 470.3 It916 Al•t31•¢M1 483,tr7J 1& ACCOThIMODATtON174 MAT4AGEMwr io 10 I&TAXATION 19

MHA Tait Walker Bulman House Regent Centre Gosforth Newcastle upon Tyne NE3 3LS

T: 0191 285 0321 F: 0191 284 9117 E: advice@taitwalker.co.uk DX: 60368 Gosforth

www.taitwalker.co.uk

The Trustees Hunter Memorial Homes Trust Durham Aged Mineworkers’ Homes Association PO Box 31 The Grove 168 Front Street Chester le Street County Durham DH3 3YH

Our Ref: SMJB/DR/02563

Date: 17 September 2021

Dear Sirs,

THE HUNTER MEMORIAL HOMES TRUST YEAR ENDED 31[ST] MARCH 2021

In accordance with recommended practice, we are writing to draw your attention to various matters which have arisen during the course of our audit of the trust’s financial statements for the year ended 31[st] March 2021.

(a) Auditor’s report

There are no expected modifications to the auditor’s report.

(b) Accounting adjustments

There are no accounting adjustments which are required to be made within your financial statements.

No unadjusted misstatements have been identified during the audit testing.

(c) Significant weaknesses in your accounting and internal control systems

Our audit procedures were directed towards testing the accounting systems in operation upon which we have based our assessment of the financial statements. We did not note anything during the course of our audit, which we believe should be brought to your attention.

(d) Suitability of your accounting practices and financial reporting

We believe that your accounting records are appropriate for your financial reporting purposes.

(e) Other relevant matters relating to the audit and other matters required by Auditing Standards to be communicated

We would like to draw to your attention the following matters:-

As part of the audit planning process, we identify any potential risks to our independence as auditors and document the safeguards we adopt to fully mitigate any such risks. We have considered these risks, which are included in the appendix attached and confirm that the safeguards adopted are satisfactory.

MHA Tait Walker is a trading style of Tait Walker LLP. Registered Office: Bulman House, Regent Centre, Gosforth, Newcastle upon Tyne, NE3 3LS. Limited Liability Partnership Number OC340140. Registered in England. A list of all members names is available at the above address. Tait Walker LLP trading as MHA Tait Walker is a member of MHA, an independent member of Baker Tilly International Limited, the members of which are separate and independent legal entities.

From our Land Registry searches we have noticed that the properties known as Flats 1-4 Hunter Homes (at Oldgate, Morpeth, NE61 1QZ) and Flats 12/12A (Howard Road, Morpeth, NE61 1JD) do not appear to be registered at all. We recommend that you ensure all properties are correctly registered at the Land Registry.

We would like to take this opportunity of expressing our thanks to the staff of Durham Aged Mineworkers’ Homes Association for their assistance during the course of our audit.

Please note that this report has been prepared for the sole use of The Hunter Memorial Homes Trust. It must not be disclosed to third parties, quoted or referred to, without our prior written consent. No responsibility is assumed by us to any other person.

If we can be of any further assistance please do not hesitate to contact Simon Brown or David Richardson.

Yours faithfully,

MHA Tait Walker Chartered Accountants & Statutory Auditors

THE HUNTER MEMORIAL HOMES TRUST YEAR ENDED 31[ST] MARCH 2021

RISKS TO INDEPENDENCE AND MITIGATING FACTORS

	Potential Independence Risks:		Safeguards:
	Assisting with the preparation of the financial statements		The statutory accounts are prepared by a qualified member of MHA Tait Walker staff from the clients’ management figures and trial balance and are reviewed by the manager. These provide the basis for the audit work. There are not normally any contentious disclosure issues; however where these arise the relevant notes are approved by the trustees prior to the draft accounts being submitted to the board.