2021-12-31-accounts - Christ's Hospital Endowment At Potter Hanworth

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CHRIST’S HOSPITAL ENDOWMENT AT POTTERHANWORTH

(Charity number 527669)

ANNUAL REPORT FOR THE YEAR ENDED 31[st] DECEMBER 2021

Chairman’s Annual Report

The charity fulfils its aims by supporting the young people of Potterhanworth. Grants are an important part of the work of the charity. Grants are normally given for the cost of educational trips, music lessons, dance lessons, sports activities, and educational support. However since the beginning of the Covid 19 pandemic in March 2020, income to the Trust Fund from hall hire and investments has been drastically reduced. As a result it has not been possible to issue grant support for extra- curriculum activities at the end of the year as usual. Assuming Covid 19 restrictions continue to allow for normality to return, the Trustees expect that Grant donations will be resumed from 2022 onwards.

The Trust has not embarked on any capital expenditure projects this year and costs have been carefully controlled where possible. It has been necessary to continue consolidating the investments in order to ensure continuity of grant funding in future years.

The Memorial Hall is available for hire at very good rates. Any profit goes towards the annual grants.

The Governors wish to thank Mrs. S Donnor and Mrs. Y Woodcock who have supported the Trust and continue to work to ensure the smooth running of the Memorial Hall and the charity’s business.

After 15 years G Lindsay stepped down as Chairman. The governors wish to offer their thanks for such a long and successful period of service.

Thanks are also due to the people of Potterhanworth and Potterhanworth Booths for their support of the Trust.

M ANDREWS (Chairman)

On behalf of the Governors Date: 31 March 2022

CHRIST'S HOSPITAL ENDOWMENT AT POTTERHANWORTH

Receipts and Payment Account for the year ended 31 December 2021

£ £ Charitable Buildings Activity 2021	£ Total	£ £ Charitable Buildings Activity 2020	£ £ Charitable Buildings Activity 2020	£ Total
7,543 - - 17 - 15,869 - 4,729 - 1,825 - - - - -	7,543 17 15,869 4,729 1,825 - - 29,983 340 12,839 4,850 - 6,000 24,029 5,954 10,139 5,954 16,093	6,916 - - 17 - 15,756 - 3,202 - 1,564 10,000 - - -		6,916 17 15,756 3,202 1,564 10,000 -
7,543 22,440		16,916 20,540		37,456
340 - - 12,839 4,850 - - - 6,000 -		6,340 - - 14,604 2,798 - - - 12,000 -		6,340 14,604 2,798 - 12,000
11,190 12,839		21,138 14,604		35,742
(3,647) 9,601		(4,222) 5,936		1,714
			8,041 2,098	8,426 1,714 10,139

31 March 2022

CHRIST'S HOSPITAL ENDOWMENT AT POTTERHANWORTH

Statement of assets and liabilities as at 31st December 2021

£ £ Monetary assets National Westminster Bank Plc - Current account 12,509 C.O.I.F. Deposit Fund account 3,584 16,093 Debtors Preschool - Hall hiring - - Investment assets - Market value 27,063 C.O.I.F. Charities Property Fund 33,678 4,093 M & G Charifund 63,691 4,376 C.O.I.F. Charities Investment Fund 89,866 14,090 BlackRock Charities UK Bond 25,925 213,160 Dr Richard Smith Memorial Hall Cost - 1993 108,644 Cost - 2013 17,150 Cost - 2014 833 Cost - 2015 93,930 220,557 Depreciation brought forward 105,290 Annual charge 8,233 113,523 Net book value 107,034 Additional Building Cost – 2016 133,353 Cost – 2017 4,647 138,000 Depreciation brought forward 17,250 Annual charge 3,450 20,700 Net book value 117,300 2021	£ £ 8,041 2,098 10,139 - - - 29,480 54,388 76,831 25,676 186,374 108,644 17,150 833 93,930 220,557 97,056 8,233 105,290 2020	£ £ 8,041 2,098 10,139 - - - 29,480 54,388 76,831 25,676 186,374 108,644 17,150 833 93,930 220,557 97,056 8,233 105,290 2020
		10,139
		- -
		-
		29,480 54,388 76,831 25,676
		186,374
		108,644 17,150 833 93,930
		220,557 105,290
	13,800 3,450	115,267
		133,353 4,647
		138,000 17,250
		120,750

The total sum insured in respect of the Memorial Hall and the Pre School was £905,300 in June 2021.

The annual charge for depreciation is taken into account when the amount available for the grant allocation is calculated. As at 31st December 2021 investments with a market value of £170,085 had been either purchased or allocated to the ''depreciation fund''. (the number of units purchased or allocated are based on the annual depreciation charge). This holding is included within the investments noted above.

Other assets:-

(a) Land used as the school field at the rear of the Memorial Hall.

(b) Chairs tables and other furniture etc. and equipment within the Memorial Hall held for functional use by the charity. (The aggregate cost of these items has not been quantified).

Approved by the trustees / governors on 2022 and signed on their behalf by :- 31/3/

M ANDREWS Chairman

Independent examiner’s report to the Trustees of Christ’s Hospital Endowment at Potterhanworth

I report on the accounts of the Trust for the year ended 31 December 2021, which are set out on the attached pages.

This report is made solely to the charity's Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (“the Act”). The charity's trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.

It is my responsibility to:
examine the accounts under section 145 of the Charities Act;
to follow the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act; and
to state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Act; or
the accounts did not accord with the accounting records; or
the accounts did 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.

Signed:

Dated: 11 April 2022

Robert Anderson FCA STREETS LLP Chartered Accountants Tower House Lucy Tower Street Lincoln LN1 1XW