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
Receipts
Investment Income
7,543
-
Wayleaves
-
17
Hire of the Memorial Hall
School
-
15,869
Others
-
4,729
Preschool
-
1,825
-
Extraordinary Income
Government Grant
-
-
Capital Transactions
Sale of investment
-
-
7,543
22,440
Payments
Grants Given
340
-
Hall Running costs
-
12,839
Administration
4,850
-
Capital Transactions
Building cost
-
-
Investment
6,000
-
11,190
12,839
Movement
(3,647)
9,601
**Liquid Funds**
Bank/deposit account balances as at 1st January
Net movement in funds (above)
**Bank/deposit account balances as at 31st December**
National Westminster Bank Plc - Current acco
12,509
C.O.I.F. Deposit Fund account
3,584
M ANDREWS Chairman
**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