THE Matthew Smith ALMSHOUSE CHAftITY Trustees, Annual Report for the period From Apr 2023 to Mar2024 Charlty name: Matthw Smlth's Almshou8e8 Charlty reglstratlon number. 11204496 Objectives and Activities SORP r8fgrerKe P8ra1.17 Summary of the purposes of the charity as Set out in its ovemin dowment Summary of the main actNities in relation to those purposes for the pul1¢ benefft, in particular, the activiti'es, projects or services identified in the accounts. Statement confimiing whether the trustees have had regard to the guidance issued by the Charity Commission on public benefft Provision of accommodation for poor per60ns over the age of 50, preferentially resident in the parish of the Amber Valle Council area Provision of accommodation in the fonn of 6 properties for the benefft of the residents. Para 1.17 snd 1.19 Para 1.18 Trustees have had regard to the guidance on public benefit issued by the Charity Commission Addltlonal Infomiation (optlonal) You ma choose to include further statements where relevant about: SORP rebr¢nce Policy on grant making P•rn 1.38 No stateff*nt Policy on social investment induding program related investment Parn 1.38 No statement Contribution made by volunteers PAra 1.38 No statement
Achievements and Perfonnance SORP reference The new charrty is working in partnership with the existing Charity 236658. No expenditure has been apportioned to the new CIO in the financial year since registration in Aug23. Summary ofthe main achievements of thè charity, identfying the difference the charity's work has made to the circumstances of ts beneficiaries and ary wider benefits to society as a %*iole. Para 1.xl The Charity is currently transitioning all activty to the new charity expected to be completed in the financial year 25126 Additional infomiation (optional) You ma choose to include further statemerts where relevant aLK)uI: Achievements against objectives set Pan 1.41 No spectfic objectives have been sel. Performance of fundraising activities against objectives Para 1.41 No investment has been undertaken in the period. All financial matters remains under the 236658 Charity for the yw 2023124. Investment performance against ot4'ectives Para 1.41 Other
Financial Review Review of the charity's financial position at the end of the nod statement explaining the policy for holding reserves statin are held Amount of reserves held Reasons for holding zero reserves Details of furKI materially in deficit Explanation of any uncertainties about the charity continuing as a going concem Para 1.21 No income or expenditure under this Chaiity in th8 accounting peri¢xI Para 1.22 No reserves are in plar2 for this Charity. Al reseNe provisions are in pla against 236658 until transfers are com leted No reseNes are held ainst this Cha The CIO is transfetrtng a¢tiviiies from Charity 236658. This ex ected to be com leted in 25r26. Not applicable P8rn 1.22 Para 1.22 Para 1.24 Para 1.23 Not applicable Additional Inforniation {optional) You ma choose to include further statements where relevant about: The charity's principal sources of funds {indling any fundraising) Funding will be predominantly from weekly maintenance charges from the Charity's Almshouse residents with minor addtlional income through Gift AKI donations (once registefed}, agricultural grazing tenancy and electricty utility wayleave when migrated from the okl Ghari 236658 Parn 1.47 Investment policy and 0eCtiveS including any social investment policy adopted The Charity wll seek growth through appropriate low risk investments funds Para 1.46 The key risk facing the charity is associated with ongoing Maintenan of existing buildings A description of the prindpal risks facing the charity Para 1.16 Other
Structure. Governance and Management Description of drIty's Type of govemirvJ documenl Pam 1.25 Charity Commission scheme How is the Gharity constituted? Para 125 The Charity is consts"tuted as a CIO registered in August 2023 wilh the Charities Commission Trustee selection methods including details of any )nstttutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Para 125 Cckopted Trustee candidates are interviev5 by Iwo existing Trustees and their appointment further subject to trustees agreement through minuting accordingly. The Ex-officio trustee is the incumbent of St Peterfs Church Two nominated trustees are appointees of Amber Valley District Council and Belper Town Council res ctivel Additsonal infomiation (optional) You ma choosè to indude further statements where relevant about Policies arKI procedures adopted for the induction and training of trustees Para 1.51 No statement The charity's organisational structure arKI any wider r)etwork with which the charty works Para 1.51 No statement Relationship with any related parties Par? 1.51 No statement Other Reference and Admlnlstratlve detsils Cha name Other name the cha uses istered cha number Charity's principal address Matthew Smith's Almshouses 11204496 Registered address: PBS Solicitors, 35 Grosvenor Road, Ripley. DE5 3JE Correspondence address,'110 Spencer Road. Belper,DE56 1JW
Names of the charSty trustees who manage thè charlty Tnmtso r•m8 01fi¢o Ilf ¥ryi l>ate• acted Ir notfor whol• Mamo ¢1 p•rn¢n (ty body) ent1td to appolnt Ifan Dr Christopher Charlton OBE Bemard Holden Chair Covopted tr Secretary Margaret Hinchc15ffe Paul Hodgson Richard Stsrczewski Frank Flegg Dick Watson Ceased 31112r23 Treasurer Cowopted tAts8 Ceased 2218123 Covopted trSt88 Nominated Trustee (BTC) Rev Anne Stratton rim Gully Katie Harris Ex-officio tnL8tee Ctropted tr Co-opted trustee Co• trustee Nominated Trustee (AV8C) 10 12 George Jones John Porter 13 From 1111123 Quorate trustees meeting 14 15 16 17 18 19 20 rate trustees- names of the dIrect(S at the date the Dir•ctor name None wasa roved Name of trustees holdiTrJ title to property belonging to the charity Trt¢• namo Christo her Chartton Bernard Holden Dats8 actod N not fw t*thol•
Funds held as custodian trustees on behalf of others Descripts"on of the assets None held in this capacity Name and objects of Ihe charity on whose behalf the assets are held and how this falls within the custodian charity's obje( None Details of arrangements for safe custody and segregation of such assets from the ¢harity'S own assets None Additional inforniation (optional) Names and addresses of advisers (O*ional infomialion) Type of Name Addres$ adviser Charity Legal Advisor Andrew Uprichard Carysfort. 1 Alexandra Road, Buxton SK17 gNQ Honorary Auditor Christopher Holden 1 Dallacre Drive, Wlbarston, Market Harborough LE16 8QS Name of chief execulive or names of senior staff members (Optional infomMtion) None Exemptions from disclosure Reason for nThHlisdosure of ke None rsonnel details Other o tional infonnation
Declarations Th• trusteos dlarn that they ha approved th• trustees, report above. Slgned on behaff of the charlty's truste•s Slgnaturn(s) paL Hodgs)v Full name(s) Posilion (eg Secretaryy Chair, etc) Paul Hodgson Treasurer Date 30110r24
THE Matthew Smith ALMSHOUSE CHARITY The Matthew Smith Almshouse Charity (A Charitable Incorporated Organisation) Report and Flnanclal Statements For the Period from 29 August 23 to S April 2024 Charity number: 1204496 Company number: CE033363
TF Matthew Smith ALM5HOUS£ CHARITY The Matthew Smith Almshouse Charity Report and Financial Statements for the period from 29 August 2023 to 5 April 2024 Administrative Inforniation Registered offi." PBS Solicitors 35 Grosvenor Road Ripley Derbyshire DE5 3JE Correspondan Address: 110 Spencer Road, Belper, Derbys DE56 1JW Management Committee.. Dr Christopher Charlton OBE, BA (Chair) George Jones Timothy Gully Katie Harris Richard INatson - Nominated BTC Bemard Holden Paul Hodgson ffreasurer) Frank Flegg John Porter- Nominated AVBC (appointed 1 November 23) Vickie Minion (appointed 1 May 24) Legal Advisor: Michael Sayers Charity Legal Advisor: Honordry Auditor: Andrew Uprichard Christopher Holden
TW Matthew Smith ITY Objecttves and Activitie8 The objective of the charty is to provide accommodation for poor persons over the age of 50. preferentially resident in the Amber Valley Borough. The charity was not active during the period. It has been established to operate 6 residential units for the benefft of residents which are currently operated by Matthew Smith's Almshouses (Charity number 236658). The Twstees have had regard to the guKlance on public benefit issued by the Charity Commission Achlevements and Perfom)ance The new charity is working in partnership with the existing Charity 236658. No expenditure has been apportioned to the new CIO in the financial period. The Charity is currently transitioning all activty from Matthew Smith's Almshouses which expected to be completed in the financial year 25r26. No investments have been undertaken in the period Financial Review The charty had no transactions, assets or liabilities during the period. The charty has no reserves as it in the process of transferring activities and assets from Matthew Smith's Almshouses. Funding will be predominanty from weekty maintenance charges from the Charity's Almshouse residents with minor additional income through Grft Aid donations, agricultural grazing tenancy and electricty utility wayleave. The Charty will seek growth through appropriate low risk investments funds. The key risk facing the charity is associated with ongoing maintenance of existirvJ buildings Rosponsibllities of the Management Commlttee Company law requires the Management Committee to prepare financial ststements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balan sheet date and of its incoming resources and application of resources, including income and expenditure. for the financial year. In preparing those financial statements, the management committee should follow best practice and: select suitable accounting policies and then apply them consistently: make judgements and estimates that are reasonable and prudent; and
Matthew Smith prepare the financial statements on the going concem basis unless it is not appropriate to assume that the company will continue on that basis. The Management Committee is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 1985. The Management Committee is also responsible for safeguarding the assets of the chariiable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularilies. StruGturo, Governance and Manag&ment The Charity is constituted as a CIO registered in August 2023 with the Charit5es Comrnission. Co-opted Trustee candidates are interviewed by two existing Twstees and their appointment further subject to trustees agreement through minuting accordingty. The Ex-officio trustee is the incumbent of St Peter's Church Two nominated trustees are appointees of Amber Valley District Council and Belper Town Council respectively. D•clarntlon$ Approved by the Management Committee on 13 November 2024 and signed on tts behalf by: Paul Hodgson (Treasurer)
Matthew Smith Indopendent Auditor's report to tho trustees of The matth Smith Almshous• Charity I have audited the financial statements of The Matthew Smith Almshouse Charity for the period ended 5 April 2024 which comprise the Income and Expenditure Account, the Balance Sheet and the related notes. These financial statements have been prepared under the historical cost convention and the accounting policies set out therein. Re$CtiVe responsiblllll•s of trustees and auditor As Trustees, you are responsible for keeping proper accounting records which ensure that the financial statements you are responsible for preparing comply with the relevant Acts. You are also responsible for safeguarding the assets of the Charity and for taking reasonable Steps for the prevention and detection of fraud or any other irregularities. My responsibilrty is to audit the financial statements in accordan with relevant legal and regulatory requirements and United Kingdom Audtting Standards. I report to you my opinion as to vthether the financial statements gNe a true and fair view and are properfy prepared in accordance with the requirements of the Housing Association Act 1985 and the Accounting Requirements for Registered Social Landlords General Detemiination 2006. My responsibilities do not extend to any other infonnation. Basis of audlt opinion I conducted my audit in accordance with United Kingdom Audbting Standards issued by the Auditing Practices Board. An audit includes examination, on a test basis, of evidence relevant to the amourts and disclosures in the finanaal statements. It also includes an assessment of the significant estimates and judgements made by the trustees in the preparation of the financial statements, and of whether the accounting policies are appropriate to the d)arity's circumstances. conskstently applied and adequately disclosed. I planned and perfomied my audit so as to obtain all the infomiation and explanations which I consider necessary in order to provide me with sufficient evidence to give reasonable assurance that the financial statemerts are free from material misstatement, whether caused by fraud or other irregularity or error. In forming my opinion l also evaluated the overall adequacy of the presentation of information in the financial statements. Oplnlon In my opinion the financial statements give a true and fair view of the state of the charity's affairs as at 5April 2024 of its Income and Expenditure for the year then ended and have been properly prepared in a¢¢ordance with the requirements of the Housing AssoeAation Act 1985 and the Accounting Requirements for Registered Social Landlords General Detemination 2006. C.M. Holden BSc.(Hons) A.C.A. Honorary Auditor 1 Dallacre Drive. Wlbarston, Market Harborwh LE16 8QS 13 November 2024
Matthew Smith The Matthew Smith Almshouse Charity Statsment of Financial Activities (including Income & Expendire Account for the period from 29 August 2023 to 5 April 2024 The rnPany was dOrnnt and had no transactions during the period
Matthew Smith The Matthew Smith Almshouse Charity Balance Sheet at 5 April 2024 Notss 2024 Fixed Assets Housing properties Investment land Investments Current assets Cash at bank Net Current Assets Net assets Capital and rnserves General reserve Cyclical Maintenance Fund Extraordinary Repair Fund Endowment Revaluation reserve Endowment reserve The financial ststements We approved by the Management Committee on 13 November 2024 and signed on its behalf Paul Hodgson (Treasurer)
Yu¢ Matthew Smith The Matthew Smith Almshouse Charlty Notss forn)ing part of the financial stst•m•nts for tho period ending 5 April 24 1. Accountlng Polhcles The prinGipal accounting poliries are summarised below. The accounting policies have been applied consistently throughout the year and in the prewling year. la) Basls of a¢¢ountlng The finanGial statements have been prepared under the historical cost convOn. as modif1 by the indusion of fixed asset investments at market value, and in accordance with the Companies Act 1985 and the Statement of Recommended Practice . Accounting and Reporting by Charities issued in March 2005. (b) Fund accounting Unrestricted funds are available for use at the discretion of the twstees in furtherance of the general objectives of the charity. Unrestricted funds indude a revaluation reserve representing the restatement of investment assets at market values. Designated funds are unrestricted fund5 earmarked by the Management Committee for particular purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the temis of an appeal. (c) Incomlng resources All incoming resources are included in the sLqteThnt of financial activities when the thartty is entitled to, and virtually certain to receive. the income and the amount can be quantthed with asonable accuracy. (d) Resources expended Expenditure is recognised on an accrual basis as a liabilty is incurred. Expenditure includes any VAT which ¢annot be fully recovered, and is reported as part of the expenditure to which it relates: (e) Fixed assets Fixed assets (excluding investments) are stated at cost less accumulated depreciatton. The costs of minor addrtions or those costing below £1,000 are not ¢apitalised. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful lrfe, which in all cases is estimated at 4 years. Impairment reviews are caffied out as and vthen eviden comes to light that that the recoverable amount of a functional fixed asset is bek its net book value due to damage, obsolescence or other relevant factors. Investments held as fixed assèts are revalued at mid-market value at the balance sheet date and the gain or loss taken to Statement of Financial Activities. 2. Trustse Remuneration & Related Party Transactions No members of the management committee reVed any remuneration duriNJ the year. No trustee or other person related to the charty had any personal interest in any contracl or Iransaction entered into by the charity during the period.
TUF ALMSHOUSE CHARITY 3. Taxation As a charity, the c(xnpany is exempt friTh tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of chargeab Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity.