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 pul￿1¢
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 {ind￿ling
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
0￿eCtiveS 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 d￿rIty'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 interviev￿5 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)
ent1t￿d 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 tA￿ts8
Ceased 2218123
Covopted tr￿St88
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
Tr￿t¢• 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 d￿larn that they ha￿ approved th• trustees, report above.
Slgned on behaff of the charlty's truste•s
Slgnaturn(s)
pa￿L 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

T￿F
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 & Expendi￿re Account for
the period from 29 August 2023 to 5 April 2024
The ￿rnPany was dOrn￿nt 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 conv￿￿On. as
modif￿1 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 re￿Ved 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.