2023-12-31-accounts - Parish Of Great Waltham Almshouse Charity

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

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

Report and Accounts for the Financial Year ending 31[st] December 2023

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 2023 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 A Micklem, Chatham Hall, Great Waltham (Landowner)

The Rev. D Pierce (Parish Priest) (Ex Officio) 2 Fairway Drive, Beaulieu, Chelmsford

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 2023, 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, Signed .............................................................. ‘Bayards’, Jollyboys Lane North, Felsted, Dunmow, Essex CM6 3DU Date .................................................................

Signed ..............................................................

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

Statement of Assets and Liabilities at 31[st] December 2023

		2023	2022
		£	£
Current Assets
	Barclays Bank Community Account	9,628	9,141
		9,628	9,141
Less Current Liabilities
	Creditors	(855)	(366)
(A)	Net Current Assets	8,773	8,775
Other	Assets (ERF):
(B)	2808.700 NAA Accumulation Shares:
	Valued @ £112.0826	314,806	296,405
	(2022: 2808.700 units @ £105.5309)
	M&G Report attached
	Income is not distributed, but retained in the fund and
	reflected in the price of the shares.
	2023: Income £12,016 Investment Gain £6,385
Total Assets		323,579	305,180
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):		2,315,035	1,962,059
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 2023

2023
Receipts:
£
(A)
Maintenance contributions:
1, 2, 3, 4, 5 & 6 Church Housen
27,106
1 & 2 Lucks Lane
9,042
(B)
Donation:
0
36,148
Payments:
(1)
General Outgoings:
Insurance
1,891
Electricity
7,579
Water Rates
2,298
Repairs & Maintenance
783
Grass cutting & General Gardening
1,965
TV Licences
23
Professional/Accounts Fees
1,666
Subscriptions & Sundries
1,045
17,250
(2)
Major works:
C.H. No.6 Remove old s/heater & install heater cabinet
L.L. No.1/2 Supply & fit lock & latch/weather bar/clear shrubs/
C.H.No.5 New gate post
L.L. No.1 Increase patio area/L.L. No.2 Make path wider
L.L. Manufacture, supply & install fanlight & sash window
C.H. No.1-6 Painting & decorating

C.H. Supply & fit Elnor 2 980W storage heater
C.H No.1/2/3/5/6 Fit smoke alarms/D-Pole switches/D/socket
L.L. No.2 Supply & change electric pumped shower
C.H. Electrical Installation Report/Fix and install units
C.H. No.3 Install new Creda storage heater
C.H. No.2 Supply and Fit Bathroom Conversion
8,650
C.H. Painting and Decoration/W.C. Storage Unit
6,680
C.H. 50% Cost of 5mph Speed Ramps and Landscape Works 750
C.H. Supply & Install 2 x Letter Boxes/C.H.No.4 Cistern Handle 459
C.H. No.3 Supply and Fit 2 x Storage Heaters
1,576
L.L. No.2 Safety Report & 2 x Consumer Unit Changes
785

2022
£
24,473
8,461
0
32,934
1,661
5,032
1,975
776
1,275
23
171
769
11,682
456
530
900
895
20,820
761
355
399
4,523
943

18,900

30,582

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

Receipts and Payments for the Financial Year ending 31[st] December 2023 continued

	2023	2022
	£	£
Total Payments (1) + (2)	36,150	42,264
DEFICIT by which Payments exceeded Receipts:	(2)	(9,330)
Investment Movements
Income added to capital	12,016	10,934
Increase/(Decrease) in value of units	6,385	(8,610)
Net Investment Gain/(Loss)	18,401	2,324
Net Surplus / (Deficit) for year	18,399	(7,006)

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

Fund reconciliation at 31stDecember 2023
Barclays Bank Community Account:
£
Opening balance at 1stJanuary 2023
9,141
Less closing balance at 31stDecember 2023
(9,628)
Increase in funds

Creditors
Opening balance at 1stJanuary 2023
366
Less closing balance at 31stDecember 2023
(855)
Decrease in funds

M & G Units
Opening balance at 1stJanuary 2023
296,405
2808.700 units @ £105.5309
Less Closing balance at 31stDecember 2023
(314,806)
2808.700 units @ £112.0826
Increase in funds

Net Increase in funds

This Report and Accounts was approved by the Trustees
at the Annual General Meeting held on .............................

487
(489)
18,401
18,399

Signed ......................................................... Signed .......................................................... J Lattimore – Chairman I P Bradley – Hon. Treasurer