2021-12-31-accounts - Parish Of Great Waltham Almshouse Charity

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The Parish of Great Waltham Almshouse Charity (Registered Charity No. 1053188)

Report and Accounts for the Financial Year ending 31[st] December 2021

Responsibilities of the Trustees:

The Trustees are required to ensure that Accounts are prepared for each Financial Year to show the state of affairs of the Charity including a statement of the Receipts and Payments for the year. In preparing the Accounts the Trustees are required to:

Select suitable accounting policies and then apply them consistently;
Make judgements and estimates that are reasonable and prudent;
Prepare the Accounts on the basis of a going concern unless it is inappropriate to presume that the Charity will continue in operation;
Be responsible for keeping records which disclose with reasonable accuracy at any time the financial position of the Charity;
Be responsible for taking reasonable steps for the prevention and detection of fraud or other irregularities.

The Trustees of the Charity at 31[st] December 2021 were:

Mr J Lattimore (Chairman) ‘Glebe House’, The Village, Great Waltham (Retired Company Director)

Mr A Mitchell (Hon. Secretary) 14 Bridge Croft, Howe Street (Retired Area Planner)

Mr I P Bradley (Hon. Treasurer) 17 Cherry Garden Road, Great Waltham (Retired Local Government Officer)

Mrs M E Croot 23 Wolmers Hey, Great Waltham (Retired)

Mrs A Arnold ‘Hendala’, South Street, Great Waltham (Retired)

Mr Alexander Micklem, Chatham Hall, Great Waltham (Landowner)

The Ex Officio Parish Priest trustee position became vacant towards the end of 2019 and will remain so pending a new appointment as Priest in Charge of the Churches of Great Waltham, Ford End and The Chignals with Mashbury.

The Parish of Great Waltham Almshouse Charity (Registered Charity No. 1053188)

Report of the Independent Examiner

To the Trustees of the above Charity:

I report on the Accounts of the Trust for the year ending 31[st] December 2021, which are set out on the pages numbered 3 to 6 inclusive.

Respective responsibilities of Trustees and Independent Examiner:

As set out on Page 1, the Charity’s Trustees are responsible for the preparation of the accounts. The Charity’s Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility:

to examine the accounts under section 145 of the 2011 Act;
to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 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 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 seeking explanations from you as Trustees concerning 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 next statement.

Independent Examiner’s Statement:

In connection with my examination, no matter has come to my attention:

(a) which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 130 of the 2011 Act; or
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act

have not been met; or

(b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

J Tredwell, ACIB, Signed .............................................................. ‘Bayards’, Jollyboys Lane North, Felsted, Dunmow, Essex CM6 3DU Date .................................................................

The Parish of Great Waltham Almshouse Charity (Registered Charity No. 1053188)

Statement of Assets and Liabilities at 31[st] December 2021

		2021	2020
Cash Balances:		£	£
(A)	Barclays Bank Community Account	18,105	15,147
		18,105	15,147
Other	Assets (ERF):
(B)	2808.700 NAA Accumulation Shares:
	Valued @ £104.7035	294,081	246,050
	(2020: 2659.545 units @ £92.5157)
	M&G Report attached
	01/07/2021: 149.155 units were purchased at £100.5668 per unit
	at a cost of £15,000, which was financed from (A) above.
	Income is not distributed, but retained in the fund and
	reflected in the price of the shares.
	2021: Income £8,351 Investment gain £24,680
Total Assets		312,186	261,197
Note:
The above funds (A) & (B) are held on an UNRESTRICTED basis.
Property:
(C)	1 - 6 Church Housen, Great Waltham
(D)	1 & 2 The Bungalows, Lucks Lane, Howe Street
Insurance Valuation for the properties (C) & (D):		1,795,934	1,743,625
Note:
All properties are held for the Charity’s use.

The Parish of Great Waltham Almshouse Charity (Registered Charity No. 1053188)

Receipts and Payments for the Financial Year ending 31[st] December 2021

2021
Receipts:
£
(A)
Maintenance contributions:
1,2,3, 4, 5 & 6 Church Housen
24,473
1 & 2 Lucks Lane
8,461
(B)
Donation:
0
32,934
Payments:
(1)
General Outgoings:
Insurance
1,617
Electricity
5,537
Water Rates
2,083
Repairs & Maintenance
403
Grass cutting & General Gardening
1,504
TV Licences
23
Professional/Accounts Fees
225
Subscriptions & Sundries
1,135
12,527
(2)
Major works:
L.L. No.2 Redecoration of property
C.H. No.4&5 L.L.No.2 Works to bathrooms
C.H. 6ft Fencing along left-hand boundary
L.L. No.2 Drainage works
C.H. No.1-6 L.L. No.1-2 Tree and hedge works
L.L. No.1&2 Construct new fence between the properties
C.H. No.3&5 Kitchen & bathroom works
C.H. No.1-4 Galvanised steel tile guard on walls
C.H. Paint tile guard/fitted extra guard/7 fence/gate posts
C.H. 1-6 Tarmac repair works
200
C.H. No.2/3/5/6 Plumbing works & removal of bollard
262
C.H. No.2 Install tap cartridge C.H. No.4 fence panels x 3
285
C.H. No.1-6 Install 6 LED floodlights
614
C.H. No.2 Replace glass & fit secondary glazing panel
108
C.H. No.3 Lay new drain gully & repair broken concrete at rear 200
C.H. No.1-6 Lay new channel drain to back path gateway
300
C.H. No.3&4 Shower riser/Immersion heater/tap kit
480
2,449

2020
£
24,451
8,461
0
32,912
1,582
3,155
2,334
539
1,450
23
193
769
10,045
1,920
1,060
1,126
4,200
2,640
443
2,090
3,700
2,543
19,722

The Parish of Great Waltham Almshouse Charity (Registered Charity No. 1053188)

Receipts and Payments for the Financial Year ending 31[st] December 2021 continued

Total Payments (1) + (2) SURPLUS of Receipts over Payments: DEFICIT by which Payments exceeded Receipts: Investment Movements Income added to capital Increase/(Decrease) in value of units Net Investment Gain/(Loss) Net Surplus / (Deficit) for year	2021 £ 14,976 17,958 8,351 24,680 33,031 50,989	2020 £ 29,767 3,145 9,886 (18,082) (8,196) (5,051)

The Parish of Great Waltham Almshouse Charity (Registered Charity No. 1053188)

Fund reconciliation at 31[st] December 2021

Barclays Bank Community Account:	£
Opening balance at 1stJanuary 2021	15,147
Less closing balance at 31stDecember 2021	(18,105)
Increase in funds	2,958
M & G Units
Opening balance at 1stJanuary 2021	246,050
2659.545 units @ £92.5157
Less Closing balance at 31stDecember 2021	(294,081)
2808.700 units @ £104.7035
Increase in funds	48,031
Net Increase in funds	50,989
This Report and Accounts was approved by the Trustees
at the Annual General Meeting held on .............................
Signed .........................................................	Signed ..........................................................
J Lattimore – Chairman	I P Bradley – Hon. Treasurer