Charity Registr&titsn No. 1154575 HE MELKSHAM ALMSHOUSES CHARITIES ANNUAL REPORT AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Morgan * Tovey
Cty Registration No. 1154575 THE MELKSHAM ALMSHOUSES CHARITIES LEGAL AND ADMINISTFIATIVE INFORMATION Trusto9s P Aves- Chair C Thomp PJDO R Shea-SimoTh*s C Andrewes J Cror Charity number 11545T5 Principal address The Toll Hse 41 Islington Trowbridge Wiltshire BA14 8QL Indopond¢nt examiner Morgan Tovèy Lwnited S Martins L Keevil TROWBRIDGE Wiltshire 8A14 6NB
Charity Registration No. 1154575 THE MELKSHAM ALMSHOUSES CHARITIES CONTENTS Page Trustees. report Independent examinerfs report Slat8m8nt of flnanclal a¢tlvOt18S Balance sheet 10 Notes to the financlal statements
Clwify Regi8tratiry) No. 1154575 THE MELKSHAM ALMSHOUSES CHARITIES TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Thè trustees present their repct arbj statements for the year erYJwJ 31 DeceM1r 2023. The financi statements have teen prepar in accordm with the acc(HJnting policies set out in note 1 to the finar1j statements aThJ comply the chariws governing dctument, the Charit¢es Act 2011 arKS "Acc(yJntiThJ aNI Rewling by Charitss.. Statement of Recomwnended Practice appIable to charttEs prepariThJ their accounts N) accord with the Financial Reporting StarKlard ICati1e in the UK and RebI of Irel8ThJ (FRS 12). leffectrve 1 January 20191. The charity's objects are for rnm. 111 For the prowsion of Almsh( in the prcljoS known as The Fowler Almshouses, MelkshaFry Willshire for the bwfft of persons over 50 years of age who are ill need or financial hardship a1 Itj in or rw the dIStrts of melkS Town cour11 arKI Melksham Without Parish Council Ithe area of berefit). 121 Such charitable purposes fw the benefrt of the PLK)r in area of benefit: orwhich are benefICt to the Inhatants of the area of tefEfrt as the TFUStees decmye. The trustees have established the thritys grant rnaking pICYt0 ach its obiects for the public benefit. The trustees inwte arvlicatKS for grants trom wx¥ThJuals arnl institutions by advertising in the local pres& The trustees have paid due regard to guidwe iswed bytr Iarity Corrwnission in deciding what activities the charity shcwld undertake. A¢hievemenl8 and perfornwKe The Charlty finallsed its com)tkjatiC period post the $cessful relurbishment of the Almshouses in 2013 by paying off the fin repaywtt of the major refurtxshment k)an to the Almshouses Association in June 2023. This has not imtmnwj (ffi its tradi11cm role of an Almshouse Charity. The general MaIntertar aTrl safety ilL%)ekn of the Alnkn arKI communal garden were as LFsual giventop wiortiy. Thereftye, Trustees instructed that the first post refUiShment Quinquennia stwvey be undertaken by Ihe Shist firni of Chartered Surveyors in Devizes. The report higNighted rew works to the roof. chimneyE aThJ rainwater goods, the replacement of all the front do(Ys and wind(A¥& lterrmsl intemat repay works. arKI placement smoke alarms throughouL Al works we terKlered for a1 carrbed (t stjccesslully by three reixrtable l¢xd contractor& The Alm$Se AsgxiatK)n again awarded a ten-year interest free loan of £40.000 to assist the propct wrsuant to a y¢esSful health check inspection of the Charities affwrs. The residents of the AlrrBtrKSeS ¥we delNJhted with the wcrk& aTrY thff6 has assisted wth them living more reS[sibly. more effi¢ientty and m(Ye widepeThlenty. Sadfy. though the Charity lost a Grants totalling £625012022: £6,156) were given during the >Ear to varicyjs k)co1 volunWgroups whose activItS have fulty tnefitted the wellbe1 ol community.
Charity Registration No. 1154575 THE MELKSHAM ALMSHOUSES CHARITIES TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The Twstees through the USU quarterly ntI$ of Tnjstees have been kept fulty infomied by its secretary (who retired at the e1 of this financial yw) of all mattgrs relating to tls finance, the day to day running of the propwis arKI the wellbeing of its residents. The Trnstees are ttrefOre pleased to c(rfKm that it is fulty SCeedIng in its charitable objects and is still financhqlly secure. Financial review Income forthe year 8Jnounted to 2612022. £33,962). This ts predInatelY made up of rentat income, Ythh was £25.465 {20&: £26,79n forthe year. Charitabje eXplture has increased to e63,28412022.. £3&695). irrluding £6,750 (20. £6.156) pad oul in grants to, various institutions. Gains on investments for affthnted lo £24.095 (202& Losses £34.00n. Grants paid out to titutIO$ over past iwo years frc#n the restricted New Hall Fund have exceeded the income. resulting in a rwatNe balaf at the 31X December 2023 01 r3,696131" December 2022 £8811. The trustees are confijent that thÉs wiH reverse within the next three years and have elected. within the temis of the fu1& thatam fubJegrantswil be madefrom unrestricted funds in order to preserve the reStrd New Hall FurKI. The net movement in fij13 for the year anKwnted to a def1t of £6.65312022.. deficit e35,740). The charity's batance sheet as dets1 page 10 a satisfactw ptIOn wrth ftjnds amounting to £494.36712022.. £501.019). Included in the charitvs ret assets are asset inbestsyts touling £257.234 12022: £243,140). All investments hdd by the charty have twn a(¥wKed in accordance with the powers available to the trustee& The Trustees. consider that the CFwtty is fInlanY secure a1 its financial reserves are more than adequate to contirwe running and fUilling the Charities oLwtives. The Charity received a 10 year interest free loan of £41000 from the Almsh ASlatIOn in 2023. which is being repaid asix ThhJntNycyde. The totd arrKyJntoutstsnding asat31 December 2023 amounted to £42,000. The Trustees trkgve consider&1 the tem)s and Co11t)nS of the loan a1 do not iElieve the repayments ryll have a signiknt impact on the rescmjrces available for general application. ReseNos polky The Trustees continue to be of view. as recomwthd by the Chlty Commiww that the Charity shId maintsin an appropn.ate level of free rr¥e$ [IA unrestricted fuTrJs r1 tied up in the Charitab fixed assets).Tr TrLths ha¥edec#Jed that thetree reserves held should continue to equate to at least fflonths, reCurriJ expeFxbJre in lo ertsure the continuity of operati$ in case of untoreseen events At 31 December 2021 the level Df free reserfves was £103587 {20rè. £113.482}. which is comfortably tn exces5 of aFvoximatety 24 of recurrfftg ext*ThJiture.
Charity Reg¢stratfjc¥) No. 1154575 THE MELKSHAM ALMSHOUSES CHARITIES TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees are comfortable that level of free reserves are appropriate to the charity's cir¢umstarKes at present. Flokling a levd of reserves ensures that the Charity can continue to maintain the Almshouses propertEs atKI pay ¢xrt grants to successful applicant& ljoth ol which assist in achieving the chatitys cA)iect& The trteeS to review each year the level ol free reseryes. The trustees have assessed the maiLY risks to whth the charity is exposed and are satisfied that systems are in place to mitwjate exp¥Jsure to the risks. Plans for the fure Looking fofward: our five wopwtss are at a Str4 we need to ensure the accounts remain heJthy lo be aVale to repay the k)a FbJFKIs dlowng. thwe are some areas of improvements to considered inchKIw any future demaTth of the Energy Pertormance Certificates. the electr heating atThY back (kx)rs to be reTwed. The grant applicatv)ns have been streamlln&l to lce ayear to ensure fuTrts are in The Trustees conllnue to rn1 four timgs a year. The charity is registered with a1 regulated ty the thrityCoMmi%s as a f(MJrKlatKn Charitable Incorporated Organisation ICIOI urKler Charity no. 11545T5. registwed on 13 Novemb8r 2013. 90verned by its cons11Ik)n dated 13 NONEm 2013 as arnern ty Speci res0110n 02 October 2018. The trustees who served duringthe yearwKI upto thedateof $ire ofthe financial statements were.. P Aves- Chr Rev C Thornson PJDoel S Rabey R Shea-simonds C Andrewes B Sanders J Crook As set out in the Constitutk)n there be a of three and a maximum of charfty trust Ex Oflicio Trustee . The for twne trAing of the Ecclesias Parish of Melksham St. Michaels shall automattcdly be a charity trustee. Nominated Trustees- Each of the folloiThJ trKMJEs may apkNJint charity trustees as f(Alow&' The Town QnCIl of Mdksham- two charity trustees Melksham Without Parish CourKil. thrity trustees The GIO'S day to dayactivrbes are marwd ty its Secretary ZL* P.
Charrty Registration No. 1154575 THE MELKSHAM ALMSHOUSES CHARITIES TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees administer two ch8fFtable obiectNes 1ho benefit of the inhaknlants of the parish of Melksham under the term5 of its titUt Statement of tru$tO0s' rospon8ibilities The trustees are responsible for preparing Trustees, Report and the flnanclal statemen13 in aCCordar8 with appllcthe Law arKI United lQTrjd Accounting stards (United Kir)gdom Generally Acceptgd Accountlng Practthl. The law applicaNe lo charities in En&4and a1 Wales rewires the trustees to prepare financial statements for each financi year wlith gi¥p a true far viow of Ihe state of affairs of the charity and ol the incoming res(yJrces and applicalM)n of res¢Tce5 of the charity for that year. In preparing these 1kla1 staty• Ite88 are requtred ttr. . select wilable acCntIng pdkles a1 t1 them ttrfwtenty, . obsofve the melhoJ8 arKI prrti charl SORF. . make judgements arKI estimates thal we rea8onth aTrJ wudent. - ststo whether appllcaUe accwnting staThlards have been folk>wed, 8ublect to any materSal departures dlsclosed aThJ exFAoined in the finartial ststwnt%. and . prepare the slatements on thè basls urless It b knwry)rlate to presume that the charity wlll contlnue In operatknL The trLSStees are responslt4e tor keepiTrJ suffklent accounting rwds that dlsclose wSth reasonable accuracy al any tkne the Thla1 tx)sltlon of the charity and enable them to ensure that th8 finar[al statements compty wlth the Charities Act 2011, the Charity (Accounts and Reports) Regulatlons 2008 ar¥J tts w0v5s1s of the trust d8ed. Tlw are also responsible for saf8guarding Ihe assets of t1 charity arKI for tak reanth steps for th9 prevention and detection of fraud arKI other irrealitIe& The trustoes. rep was approv8d by th8 of Tntstee& P Aves Trustee Twstee Dated: 251h September 2024 Dated: 2V septeMr 2024
Ilty Registrati1 No. 1154575 THE MELKSHAM ALMSHOUSES CHARITIES INDEPENDETr EXAMINERS REPORT TO THE TRUSTEES OF THE MELKSHAM ALMSHOUSES CHARITIES I report to the trustees on my exsm¥tIC of finar1 statements of The Melksham Almshouses Chafiknes (the charity) JEar eThJed 31 DernL 202 Responsibilities and basis of r¢p(t As the twstees ol the chlty are resprmsilme for the weparation of the finwial ststements n accordance with the requiremerrts of the Chartts Act 2011 (the 2011 Act). I report in respect of my ex8Jnnaticffl of fina1 statements carried out under section 145 of the 2011 Act. In carrying my examinatM)n I have fdhjwed the 8pplicatAe Directions given by the Charity ComrN&sk)n uNJer seckn 145{Sllbl of the 2011 ACL Your attention is drawn to thefact thattsclwity has repared finla1 statements in accordance with Accounting arvj Reporting by Charrlies kyeparing thr antS in accordance with the Financial Reporting Standard applicable in the UK aThJ RebI of Ireland IFRS 1021 in preference to the Accounting and Reping by Charitie&. Statement of Rec(er¥jed Practice issued on 1 April 2005 which is ferred to in the exL7nt re1$ t¥Jl has n¥ been wittrklrawn. l understand that this has been thne n crthr for finaThiaf stateFnents to provide a true and fair view in aCCordare wtth Generajty Accepted AcCrMmtW Praclice effective for reporting periods beginning on or after 1 January 2015. I have completed my examintion I confimi that rKJ matters hwe c(¥ to my attentk)n in connection with the examination gNing me (xuse to ttwt in any matwiat respectr. accour)ting recwds were Tr)t W in reSpt of as reir1 by seclM)n 130 of the 2011 Act.. or the financh8J statements do a¢ wilh tlx)se recryd& or the financial statements do compty with the apsJratAe requsrements conceming the form and content of acCnts set ¢yJt in the Charilies IAcc(yJnts and Reports) Regulations 2008 ottr than any requirement that the aLx(nts give a tnje and fatr view which is not a matter consKlered as part of an Inde examination. I have no concems and have o)me across IK> Ottrw matters in connection with the examination to which attention sh(NJkl be drawn in ths rekXt in Order tt> enatle a Kffoper understandtng of Ihe financi Statements lo reached. Katy Tovey.&)wes ACA Morgan To¥ey S Martqis Lane, Kewl TrowbrKgo Wiltshlre BA14 6NB
Charity Registration No. 1154575 THE MELKSHAM ALMSHOUSES CHARITIES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Totsl 3022 2023 2023 Donations and legac8 Charitable activities Investments 2&485 26,797 7,071 7,16S 3.136 Total Incom• 28,601 32h36 33,962 Charitable actMti88 6,750 63.284 35.695 Net gwns/llossesl on Investments 11 11,603 11492 24,0&$ 134,0071 IKS301 120151 11492 16ffj531 135,7401 Fund bdances at 1 January 20¥8 378 124,W9 501,018 S3&759 Fund tsalan5 at31 D•c•rtw2023 360,660 13,6961 137.401 494.365 501.019
ChaTity Registration No. 1154575 THE MELKSHAM ALMSHOUSES CHARITIES BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Tangible assets Invgstments 12 25T.074 257234 263,5 243.140 506,645 D8btors Cash at bank and in 17and 14 4,00 766 2270 24.548 1&6911 3.136 1&7621 CredMor& aM0faIn9 duewithlnon&y 16 Net current Iliabilitiesllassels 17.857 15,6261 Totsj assets le58 current liabilities Credltor&' èmountsfallng datter more than $32,1&4 501,019 17 187,8001 Net assets 494365 501.019 Capftal fuE Endowment funds- gener In¢omefund5 Restricted funds nr Designate(I fund5 Gener Unrestrle funds 19 137.402 124.910 13,696 17.154 359,&36 334566 360.859 376,990 494365 501,019 The financial statements were approved by the Trustees on 251h September 2024. P Aves B Sanders 10
rity Registration . 1154575 THE MELKSHAM ALMSHOUSES CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 1 A¢¢ounting policie¥ Charfty informallon The Melksham Almshcxws Tknes is a FcTraticffi (tsit Irrporated Organisat4on governed by its Constr(utn on 13 NOveMr 2013 as ameNJed by SpeCb resdution on 02 October 2018. The charity was registered Charity on 13 November 2011 1.1 Accounth convention The financial statements have been the charitws governing document, the Charities Act 2011 afMI "Acccyjnting and Rep(ting by Charities: Statement of Recommended PractKe app4icatAe to charities preV acc(yJnts in accordance with the Financial Reporhng Standard appli the UK a1 of Ireland IFRS 1021. (effective 1 January 20191. The charity is a pU1C Benefft Entity as def by FRS 102 The financial statement5 have departed frcn the Charities (Accnts and RerNJrtsl Regulations 2008 onty to the extent required to provlde a true arKI far view. This departure has involved following the Statement of RecommwKled Practre for charilbes applwng FRS 102 rather than the version of the Statement of Rec0ThTh Praclke whth 15 refred to in the Regulations but which has since been withdrawn. The financial statements are prepared in ster%r¥J which is the functlonal currency of the charity. Monetary amounts in these finaK#al statements are rounded to the nearest £ The flnancial statements have been preparej uTrJer the hist( cost conventiorb, modifled to include the revaluatK)n of freetrKAd wcwties and to include investment wopertks and certain financial instrurnents at la vakje. aCting adopted are set OLrt below. The Melksham AlM&eS CharitS CLM)stE a C benefit tity a5 detined by FRS 102 At the year end. the balance sheet shows charity has ret wrrent 859et& The Trustees have reviewed likely future devek)rMWits arKI rern of Ihe opiThon that there is no reason lo lve that the charity will have to cease operating as a resuft of wdequate financi rescwrces, or any other foreseeable evenL With a perKa of at knt 12 rnth5 from ts date of the approval of these accounts. 12 Charltable fittmls Unrestricted funds are avai18ble for use at dh8crekn of the trustees in furthèrance of their charitable objectives. Designated funds compr55e furKts have Lwi set asith at th8 thscretion of the trustees for specific purpose& The purposes aml uses ofthe desgnated fuTrJsaresetout in )teS tothe financiat statements. 11
ljwity RegIstratiL No. 115457S THE MELKSHAM ALMSHOUSES CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 + Restricted funds are subject to Sk)eCI c(¥MlilvJns by doncxs as to how they may be used. The purwses and uses ol the r8strthd I1$ are t out n th8 notes to the financial statemen Endowment funds are sut4ect to coThJilb)ns by{#) thatthe capKtal must be m&ntsined by the charity. 1.4 Income ITorne is recognised wthen the charity is 18galPy entiw to it after any wfOrMa conditions have been meL the amounts can be nwasvred relaw. a1 it is wotth that income will be received. Cash donatic)s are recognised ort rerwL Other donations are recognlsed 0e thè charity has been notified of the donation. unless perf¢WTna )nditionS reQUe deferrd of the amount. Income taK recoverable in relatirm to ¢kwlbns (&ft AMJ deeds of ciNenant is recognised at the time of donati Legacies are recognised on rewpt or o111¥ rf the charity has teen notified of an impending distribution, the amount is kno. and is ex[ted. If the amount is rt known, the legacy is treated as a contingent asset Income is measured at the f vatue of ts consKleraticm receNed CK recewable and preSentS amounts receivaAe for goLts rKovKknI rrma ClSe of tSIness. net of discounts. 1.5 Expenditure Expenditure is accounted for on an ac(wals basig and has been ilded under expenses categories that aggregate all costs for allocatTh to actp wre costs canr¢ot be directty attributed to particular actwitiesthey INgve been allocated a basis consistent with the use of the resources. Grants payable are charged in year WI the ofFer is made except in those cases where the offer is conditional. such grants being recognBed as exper%JibJre when the jitiO5 attaching are fulfilled. Grants offered subject to corKif(N)ns whth have r9t been met at the year end are noted as a commitment but mt accrued as exK1[1Ure. All ants made during the peri(xl were paid oul of the New Hall Fundwthich is a restrict&J fu to be apledK purr)ses ner1CFal to the inhabitants of the area of Melksham aFKI Melktham with¢ Suppct stsff costs are alkted L*len Akn$Jtse FuThJ aThJ the New Hall Fur so as to reflect the prowrtion of the Treasurerfs time spent a(kninistsring the AlmslM)L4ses and the grants made to local organisat¥)ns respectNety. Depreciatmin of Almsh is dlctated to the AlrIK Fut Property costs aThl 0r MIad5 are incuThed in the management administration of the Almshouses and are thwelore alkKated exclugvdy to FUTh 12
(Jwrity Regi8tratti)n No. 1154575 THE MELKSHAM ALMSHOUSES CHARITIES NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 1 Ac¢ountlng poM¢l8s IContlxd) 1.6 Tangiljle fixed assets Tangible fixed assets are initialty meayJed at cost aThJ wbsequenlly measured at cost or valuation, net of deprecrdtwjn and ary impa1 kLsses. Depreciation is recognised so as to write off cost or valualN)n of assets their residual values over their useful fNes on the ba. Refulshrnent of Almsh(xws 2% stwht Ine The gain or loss arising on the disposal of an asset Ls detemwned as the difference between the sale prcteeds arKI the c1j vahje of the asseL a1 is r&ows&J inccrfnellexpeNliture} for the year. The original value of the Almsh(w at the date they vme received. is not a¥lable. The cost represents the mwr refurtishment whh occuThed during 2013. Fixed asset investments are inihally rraSured at tranS¥ti price eXcILIng transaction costs, and are subsequerrtly measured at fair value at each rerKYting dat& Changes in lair value are recognised in net incoNEIlexpmlture} frff the year. Trartsacticm costs are expensed as incurred. 1A IMpalmrt of fix•d assets Al each reporting end date, the charity reviews the carrying aFYKMJnts of tts tangible assets to determine whether thefv is any irhJratw)n that those assets have suffered an IMprn}ent loss. If any such Indicati( exist4 the recOVere amount of the asset is estimated in order to determine the extent of the impairment (If 1. 1.9 Cash and cash equivalents Cash and cash equlvalents indude cash in haTrJ. depots ld at call with banks, other slvjrt-term liquid Investments with orwJind MarIt of three or aThJ bank 0Vdrafts. Bank overdrafts are shown ithin t¥yrowthgs w) uJrrent liatikl 1.10 Financial instrumet The ch8sity has elected to apply the ty(P4isThs of Section 11 'Bw Financid Instruments. and Sectron 12 '0ther FInatraI Instrumerrts Issues. of FRS 102 to all of its fiwwKi8J IrtrUMent& Financial instruments are recognised in stet when the crity becomes party to the Contrlal provisv)ns of the irtstrument Financial &wts aNI lai¥Thts *e offseL wrlh amcAmts presented in the financlal statement& when there is a legalty enfcffceatrAe right to set off the recognised anUnts and there is an intention to setue a net basis or to realEe asset aNI setue the liabifity simultaneously.
Charity RegIstraOn No. 1154575 THE MELKSHAM ALMSHOUSES CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Bas1¢ flnan¢ial assets Basic financial asset& which include debtors arnj cash arKt bank balaw are inIti measured at transaction price includiig transactK>n costs and are sthequentycarrie(l at amortised ciyst using the effective interest meth(MJ unles5 the arrar1 constitutes a financing transactio where the transactKin is measured at the present value of the future receipts discounled at a market rale of interest. Financid assets cta8sified as rl¥a)le ilhn ce year are not amortised. B8si¢ finartial liabilities Bas financial lialy'lities Ill1ng treditors aThl bank l¢ws are inthafy recognised at transactlon price unless Ihe arrangement CLtItuteS a transth. where the debt instmment is measured at the preserrt value of ts payr d[s¢( at a market rate of interest. Finar11 liabilities classified as payab year are not amor. Debt instruments are seqU casried at aThK)rti cosc using the effectNe interest rate method. Trade creditors are obligal#M to paylorKlSorServtha1 Iwve been acquired in the ordinary course of operattons from suppker& Am(yJntspayable areclassifd ascurrent Siabililies if payment is due within one year or less. If rL)( tlw are presenteo as rh)n-OXTent Itabilities. Trade creditors are recognised InitilY at tranwtton pre arKI subsequenty measured at amortised cost using the effectNe interest Metd. Borrowin98 cor1st whdty of a pUtrj benefft loarL Putdic benefit concessionary loans are loans received between a publ iwefft entity ar?tr party at below the prevaling market rateof interest th thata rK)t repayatAeonln8Thfj aThJ arefor the purposes ol furthering the objectives of the publTC bel[l entity. Th accountYJ treatment for CoeSnary loans is to initially measure these arrangements at anv)unt receNed or pakd aNI recognise therTI in the statement of financial positiorL Subsequent years the carrying amwnt of the concesOnarY loans in the finWKI statements be *liusted to rellect Ued interest payable or recewable. The loan was made on an interest-free ba51& Financial liatMlwtEs are deTeniSed when the contractual obligatn5 expire or are discharged or carKelle(L 14
Charity Registration No. 1154575 THE MELKSHAM ALMSHOUSES CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 1.11 Employae b8fIts The cost ol any unused holiday entll1eme is recows&J n thg peri(l in vthich the employee's services are recewed. Temination beneffts are r)1$ed Thmj18tYas an exwe the charity is demonstrabty commrtted to temiinate the empbynwtt of an empknyee or to wov#Je temiination benefit& 1.12 Leases Rental recerved )der operating lea ary kne incentives received, are charged to income on a strwght li basks over the term of the relevant In the applicatron of the chariWs accLxJnting trustees are required to make judgements. estimates and assumptions almrt the carrwng amountof assets and liabilities that are not readily apparent from other source& The estimates aSlated assumptions are based on historicd experierte aNJ other factcysthatarecrxlW to be retevant Actud results may differ from these estimate& The estimates and ute3 asgJmpticKE are revwthl C an ongoirrfJ basls. Revtslons to accounting estlmates are recognised in tr in which estimate is revised where the revision affects onty that peric(I, or in tt perirAd of the revM)n and future pericmls where the revision affects tK)th current aThJ fuiure The estimates and assumptk)ns whh Ikwe a 5yMficant risk of causirna a material adjustment to the carwng amount of awts liabrt are as foHow& Estimated Ieful Ivas otlaw fixed assets In determining the estimated useful lrfe the charity COderS expected physical wear and tear of the asset that cujld lead to obgJIesc ofthe asset Eath year the charity reviews the at)ove to establish if there is any (w in the expected useful frfe of lange assels 2023 2022 Donations aNI gifts 15
(Jwity Re9istrat¥)n Nts. 1154575 THE MELKSHAM ALMSHOUSES CHARITIES NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 2022 Almshouses rent reate 25.465 26,797 S Investmonts Total 2023 Total 2022 Investment Income- Almsh(MJses Fund Investment income- New Hall Fur¥ 1136 3.136 1935 3,262 3,903 3,935 1136 3.935 7.on 7,165 3.3 7.165 16
Ghsrity Registration No. 1154575 THE MELKSHAM ALMSHOUSES CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 6 Charilable activit Totsl 2022 FWMI Fund Staff costs Depreciation and impalrrw)t Insurance Telephone Repairs and rerwals Subscriptions Postage and sts1iery Advert15ing Water rates Travelling expenses Sundry expenses Legal and professionaf fees Loan administrallon charge 11,OCM) 6,431 12,000 6.431 898 87 28.079 347 469 216 1,016 1.152 10.500 6,431 903 131 6,037 233 407 167 910 817 23 87 28.079 347 469 216 1,016 3.540 333 400 1,000 6.750 54,630 6,750 27,599 6.156 Grant fundlng of aCtNitS (see Tr)te n Share of support costs ( note 8) Share of goveman¢e costs note 81 1,804 100 150 54W2 8.702 63,284 35.695 Analysis by fund Unrestrl¢ted funds Restricted fuTrJs 1952 56,534 750 6.750 29.539 6,156 54W2 8.702 63284 35.695 Unrestricted furbjs Restricted funds 1,970 6.156 29,539 6.156 &126 35,695 17
Tty Registration No. 1154575 THE MELKSHAM ALMSHOUSES CHARITIES NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 7 Grants payalAe 2022 Grants to institutions: Melksham Communty Lard Celebrate Melksham Spencer Melksham Bowls Club Melksham Music and Dance Club Melksham Adventure Centre Melksham Foodbank Melksham Free Dining Phab M8lksham Sixty Club Melksham Community Morw Athice Bowerhill Scout GrJp Read Easy North a1 West Wiltshire Melksham RaIntr Day Centre 4 YoLrth Carer Support Vliltshiye 500 350 soo 500 1,000 500 500 250 500 1.500 1,800 500 1.306 500 200 1,000 1.000 500 6,750 6,156 8 Support ¢ts 2022 1,804 1.790 Independent ExamIr fees Meeting expenses 100 150 1.904 1.940 Govemance costs ildeS FAY to the irmjependent examiner of £l(K)12022.. £1501 for indeperent examination fee& Also pad to the independent eXamr was £1,804 12022: £1,790) in reSt of accountancy ser¥ices arKI tN)okkeepin 9 Trustees None of tFE trustees lor any persorts CornwElh tFMIl rec%1 any remuneratw or benefits from the charity duriNJ the year. 18
Chty Registralion No. 1154575 THE MELKSHAM ALMSHOUSES CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Employees Number of en4j1oyts The average monthty number of eNpbyees during the year was.. 2023 2022 Numb•r 2022 Wages aNI sleS 12,000 10.500 f1 Net gainsl{losses) on kNe8tn 2023 Totsl 2022 Total Revaluation of investments G&n/llossl on sale ot investments 12,492 14,095 134,007) 12.492 14.095 {34.0071 For the year ended 31 D8camber 2022 {16273) {17,7341 134.007) 19
Re9istratw)n No. 1154575 THE MELKSHAM ALMSHOUSES CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Tanglbb flxed assets Refvrbishment of Alm$hou8aS Cost At 1 January 2023 321,552 At 31 December 2023 321,552 At 1 January 2023 Depreciation charged n the year 58,047 6,431 At 31 December 2023 64.478 Carrylng amount At 31 December 20f6 257.074 At DeGember 2022 263,505 13 Flxed asset investmw Listed investments At 1 January 2023 Valuation chaThJes 243.140 14.094 At 31 December 2023 257234 At 31 December 2023 257,234 At 31 December 2022 243.140 Fixed a&8et investsrw)ts cc*nwise of: CIOF Charitss Ell1 Investnwrt Furnl £257.Z3412022.. £2U1401.
Charity Registrath)n No. 1154575 THE MELKSHAM ALMSHOUSES CHARITIES NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 14 Dgbtors Amounts falling wIn ore . Trade debtors Other debtors Prepayments a1 alxrLd 433 2,000 2,000 333 4.000 766 15 Loans and oventrafts 2023 20 Other L¢)w 4200 3,400 Payable withln one year Payable alter one year 4.200 37.800 3,400 42,000 3.400 16 Creditor&" amounts lahlng one y 2022 Borrowings Deferred income Trade creditors Ac¢wals defeed iome 4,200 412 3,400 412 182 4,768 1,744 6,691 8,762 Borrowings 37BOO
12wity Registr&tK)n No. 115457S THE MELKSHAM ALMSHOUSES CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENt)ED 31 DECEMBER 2023 18 Deferred Incom 2023 2022 Other delerred income 412 412 19 End0Vent fvnds Endowment funds represent assetswlith must be permarnty by the charity. Income arising on the en(lowment furNts can be used in wdawith the otiects of the charity and is included as restricted Income. Any capital gnS or losses arising on the assetslcffm part ot the fUL RwauatlDns Balareal 31 2023 Pernlanent endovmients New Hall Fund 124,910 12,492 137.402 124.910 12.492 137,402 B•knat 31 peMent (17,n34) 124,910 Hall Fund 142.644 117.7341 124,910 The New Hall FLWKI investsn8nt IS 8 eth¥Ml The capital carmt be spent. The income is restricted can be u*J for wtlic purrKWS to the inhabitants of the area of Melksham and Mejksham W[thLt
Char¥ty Re9iStratton No. 3154575 THE MELKSHAM ALMSHOUSES CHARITIES NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 20 Restrlcted funds The in¢ome funds of the charity include restricted funds ci)mprising the following unexpended bdances of donations and grants held on trust for specilic purpose&. Balance at 1 January 2023 Incomlng resources Balance at 31 December 2023 expended New Hall Fund 18811 3.935 16.7501 13,6961 Balance at 1 Incomlng Balance al 31 xpended De¢embeT 2022 Prior year New Hall Fund 1,372 3.903 16.1561 1881} New Hall Fund - Income from endowment investrnents. This income shall be applied for publtc purposes to benefit the inhabitants of the area of Melksham and Melksham Without. 23
I21ty RetratI1)n No. 1154575 THE MELKSHAM ALMSHOUSES CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 21 Unrestrlctgd lunds The income funds of the Ch i[lde the fdlowtng dwnated fur*ts wtmch have been set aSe out of unrestncted funds by the tnjstees for s¢111C KxJrph)ses'. Balance at 1 JaNwy gths arnl December 2023 Designated New Hall FLfnd 17,154 (1,9521 10091 26,093 General funds 359,&36 28.601 (54,5821 712 334.567 Total unrestricted funds 376,990 28.6 156534) 360,660 Revaluations Balance at 31 2022 Designated New Hall Fund 28236 11.9701 (9,112) 17,154 Gera1 funds 364,506 30.059 (27.5691 (7.1601 359,836 Total unrestricted funds 392,742 30,059 W.5391 {16272) 376,990 New Hall Fund- Investment hekl whh is designat&J for Wb1 wryxjses to benefitthe inhabttants of the area of Melksham arKI Melksham 24
Charity Regi5tralK)n No. 1154575 THE MELKSHAM ALMSHOUSES CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Total Fund balances at Oecember 2023 ar• represented by. Tangible assets Investments Current assets/ll1abItIe$} Long term liabilities 257.074 123.528 17,857 (37,8001 257,074 257,234 17,857 137,8001 146961 137,402 360.659 (3.696) 137.402 494,365 Prior year Totsl Fund balances at 31 Tangible assets Investments Current assets/llialJlitiesl Long term liabilities 263505 119,110 1&628) 2&3,505 243,139 (5.6281 (8fft) 124.910 376.987 18811 124.910 501,016 There were no disclosthe related kwty trati dur•ig the year (2022. none). 25