**Tirley Elm Estate & Almshouse Charity** _Registered Charity No.202739_ ## **Report of the Trustees for the year ending 31[st] December 2021** ## **Name of the Charity: Tirley Elm Estate and Almshouse Charity** ## **Registered Address: 38 The Street, Tirley, Gloucester. GL19 4ES** ## **Scheme sealed by the Charity Commission 18[th] November 1987** ## **Trustees:** Mrs Patricia Sharman (Chair), Mr Colin Franklin (Vice Chair), Mrs. A. Quiney (Treasurer), Rev. John Longuet-Higgins (Ex-officio Trustee), Mr Brian Pegler, resigned September 2021 Mr Harry Warner, Mrs Laura Warner, Mr. Tim Adey. (November 2021) The Trustees of Tirley Elm Estate and Almshouse Charity (Unincorporated) present their Annual Return and the Independently Examined Accounts for the year ended 31[st] December 2021 and confirm they comply with the Trust Deed. ## **Our Aims** The aims of the Charity are to meet the objects defined in the Trust Deed sealed on 18[th] November 1987, namely the relief in need, in accordance with the provisions contained in the Scheme and for other charitable purposes for public benefit and the benefit of the inhabitants of the Parish of Tirley. ## **Our Finances** The financial viability of the Charity continues to improve year on year. Taking the year as a whole income has been maintained and capital growth has improved from COIF investments. The Trustees have continued a policy of investing for the longer term. Income from weekly maintenance contributions has remained steady. ## _**Financial Health**_ . The Trustees regularly review the finances, budget, and spend against budget. ## _**Investment Policy and Performance.**_ Investment activities are managed in line with the Requirements of the Trustees Act 2000. Our investment policy is a low risk approach for the growth of the portfolio of investments. Funds not invested are held on deposit to earn interest. ## _**Reserves.**_ The held reserves are £589,803.95 in COIF shares, and £2,206.59 held in a Lloyds Deposit Account. In the 10 year plan the reserves will be used to maintain and improve the charity’s properties. ## **Review of Activities and Achievements** During the year, of the seven properties, three became vacant. One of the properties has been refurbished, all have new residents. General maintenance issues are dealt with as they occur. A review of all outstanding maintenance issues has been completed and findings acted on. A new Trustee has been recruited, Mr. Tim Adey, who replaces Mr. Brian Peglar who retired in September. ## **Future Plans.** The Trustees intend to continue their current strategies of maintaining and refurbishing the properties as required. Our future plans are financed from Weekly Maintenance Contributions and land rent. ## **Recruitment of Trustees.** All Trustees are unpaid volunteers. There are two Co-optative Trustees appointed by the other five Trustees, there are four Nominative Trustees appointed by the Parish Council (normally recommended by the other Trustees when a vacancy arises) and the vicar as Ex-Officio Trustee. Recruitment is by request or advertisement from the local village population. The most suitable applicant with local knowledge, experience and relevant qualifications is the one appointed. **Serious Incidents.** The Trustees are pleased to confirm that there are no serious incidents that should have been notified to the Charity Commission during 2021. Tlrley Elm Estats & AlmslM)use Charlty Statement of Assets and Llabllltles As * 31 Dec•nber 2021 Cash balances on receipts and payments carrfed forward: Lloyds Tfeasurers, Account Lloyds Bus Bank Instant Account 8,815.41 £ 2,206.59 11,022.00 Number of Sharns Unlt Value Total Value COIF Income Shares alc 398411JX)IT 3,476.28 2,056.64 71,494.56 COIF Accumulation Shares ERF kheme alc 398411YXIIR Recoupment Order alc 398411XMJ2R Development Fund alc 39841{￿3R 110.06 46.42 1,980.68 24,252.25 24.252.25 24,252.25 26.692.03 11.257.89 480,359.47 589,803.95 Row of three brick and tile cottages with fitted kitchens One pair of serni4letached bun8alows One pair of semi4etached bungalows (built 20071 + approx 0.38 acres of land One parcel of land let to J Cobourn lapprox 1.15 acres) One parcel of land Corse Lawn lapprox 4.151 acres) One par￿1 of land at firley Cros5 lapprox 0.26 acres) Debtors:. Smith £ 314.rx) INDEPEI¥DENf EX￿￿tNER's REPORT TO THE TRUSTEES OF TIRLEY ELM ESTATES AND ALMSHOUSE CHARITY I rqjort OD the aLwunts of the Tr￿8[ for the year ended 31 December 2021. which are set out on pages I to 2. Responslbilities and b*sfi8 of report The charity's tTUStees are resp)nsible for the preparation of the accounts in accordance with the requirements of the Chariti&s Act 2011 (thc Act). The charity's trustees consider that an audit in not required for this year (under th¢ Act) and that an independent exami￿Ory is n¢eded. I report in respect of my exaTnination of the Tr￿$t'S accounts canied out under section 145 of thc 2011 Act and in carrying out my examinatio￿ I have followed all the applicable Directions given by the Chwity Commission under sectiOD 145(5Xb) of the ACL IDdepeDdent uwnlDer'$ statement I haye completed examination. I that no material matters have Come to my attention in nn¢rtion with the examination which giv￿ me Ca￿$e to believe thaL in any n)aterial resi￿￿. the accounting records were not kept in accordance with S(*tion 130 ofthe Act; or tbc accounts did not accord with th¢ accountsng rw)rds" or the accounts did not wmply with the applicable requirell*nts concerning the forni and content of accounts out in the Charities (Accounts and Reports) Regulation8 2008 other than any rquirement that the ￿¢0￿llts give a 'true and fair. view which is not matter considered as part of an indepetht examination. I have no con¢crn5 and have cAmie across JK) other n￿tte[S in L￿e¢ll0￿ with the ¢x8mination to which attention should be drawn in this T¢￿rt ill order to e4]ablc a proper understanding of the a￿Unts to be reached, Martin Howard FCA HAZLEWOODS LLP Cb8rter¢d Atcountsnts Registered Audltors Wfindsor House Bgyshill Road Cheltenham GL50 3AT 7 March 2022 Datr