Charity Rgi5tration numbu.. 202843 Aldernian Steevens Charity Ann1 Report and FitMn¢i41 Sts¢emeni$ forthe Year Ended 31 De¢ember 2023 R S Porter & Co LiEnitEd Chartered A¢¢ountsnts The Old Dairy Ashrt Hill Fami Weston Ro?d Failand Bristol BS8 3US
Alderman Ste¢vens Chgrlty Contents Referenee and Administrat5v¢ Det4115 Trustees, Report Statemeth of TNst¢¢5' Respon$ibiliti¢5 Independent Examirttr'$ Report Stat¢ment of Financial A¢tiviti¢5 Balance She¢t Note5 w the Finattcial Stst¢ments 7t0 13
Alderman Steevens Charity Referenee Administrotlve Detalls Tni$tees M Laws, Chairman (Igned S Mar¢h 2024) Mrs S Fox1-slth J J D McArthur (resigned S March 20241 R I Clarke J N G Hawkirs r Toby Saunders Mr Phillip Bate Leah Tattersall. Chairn)an Principal Offi¢¢ Stecvens House 34 Old Market Street Bri$tol Soli¢ltOTS Ashfords LLP Tower Wharf Ch¢ese Lane Bristol BS2 OJJ Auditor R S Porter & Co Limited Chartered Aecountants The Old Datry Ashton Hill Farn Weston Road Failand Bristol BS8 3US Clerk to the Trn$t¢es Mrs C Ralph l The Mill. The Gr¢eFL Wick, North Somerset BS30 5BA 202843 Charlty Regtstratloll Number Page I
Aldennan Steevens Charity Trustees, Report The truceS present the 8TJnllal rqN)rt together iiith Ébe fm8llCi81 st&ernents of the charity for thc!"e8r elldld 31 DeL'ernlkY 202). Ohjecti)'e8 and actiTrities Ubjects attddin Almshouses. The main purpose of the ch8titt' ts to pry)i'ide Abnshouses for 'poor pern)ns of good ch8ra¢ter' le5¢t in Bristol_ Struttu. eoTr'trnaMY thanAgem¢Dt The chariti" of Aldcnnan Il'as tounded bs" a iiiil daied (th Apn5 1679. V8ri(>v% heMl% ho¢ b¢en proi'eil M CThatits" ComMiKsinnT4 the kill8 seaiul on 3rd NovcrnELT 19)9 &TKI laier anendcd on 18th Noi'emiL'r 1998 and aqa]n in !ffl l. ThL peTr%)ns Icgalli resx>Dsible for the¢ontrol 8ud malla8¢m¢nt of th¢charity are thethJsL& Recrutsmen¢ qppointhnlOftr&ees triLite¢i att appointed ill acLordance iiith thc proiisions of the goNernin8 heme. Det8i]s of the trustee4 iTrbo 8ll sene througknout th¢ i.teCLI>L ii.hcrb inth'caied ate set out OD page l. Th¢tsustees m¢xt ai lea# titues a!"ear. tkn. maK"e all theTK>licJ" decisions. Th¢ tsianplth' aelerk. to undert"Cthen)1nty thim"#ration of theckn"tv. Tbe Lharil!. has a PLryTJaDLnl coasislg of the Alshows. Funber properties hai'e or ilill purchasoj to proi'idl ydditional 4cwm(Kl8I10n. Major risk¥ iisAs Ri5A-.l/aiia.yeRieF71 Risk Management The trusL¢es a dutt. lo ideDiih' and rel.1" ri%k' ts) iihi¢h thc charity. Is exy)sea llna io ensure appropriatr &trOlSre in pl to k71)'Xk rr&%)nahk' againa fraud 8l ar(w. The tsusttts ii.ill Ix)llsid(Y and the m&jor iisks Li) ii.hiuh the chaTiL! mai" IK- and iiill sati>h thimseli.ei thai appropriaie llleabures in plaL w deal ii'ith them should they c)ccur. stall r¢tMrts iiith rega%. Lo all &yLtsoftheclwth 8 pD)Fthies attCOllUni8l{m and a¢tyJ UPOD to minimi* nsk". The at]nual YeFth approi'LxI . the ttuste¢s of the charit!. on 5 Match 2024 and bigntsj i)n its beholf bi.. Mathew Laws Trustee
Aldeman Steevens Charity Ststemettt of Tntees, Responsibilities The trustees are re5ponslble for preparing the tNstees' report and the firncIal statements In accordance with the United Kingdom Accounting Stsndards (Unlted Kln8dorn Generally Accepted Accounting Practice) and applicable law and gUla)"On$. Thèlaw3pplicable tocharities requlres the trusteesto prepare finandal statements for each financSal year thlch give 2 true and fairwew ofthestste ofaffalrs ofthe charityand of the incoming resources and applicadon of resources of the charity for that period. In preparing these financiil statements. the ttijstees are required to.. select suitable accounting policies and then apply them ron5iStEntly; observe the methods and principles in the Charities SORP. makejudgements and estimates thatare reasonable and prudent.. stste whether applicable accounting Standards have been followed. sublett to any material departure5 dlsclosed and explalned In the finanaal statements; and prepare the financial statements on the going c0ftrn basis unless it Is In8ppropri2te to presume that the charity will continue in business. The trustees gre responsible for keeping prOr accounting records that disdose re3Sfab]e 2ccurdry at any time the ftnanclal posltlon of the charity and enable them to ènsure that the financ] st3tement5 comply the Charities Act 2011. the appbcable Charities IAccounts and Reports) Regulatyons, and the provlssons ofthe con5titytion. The trustees are also responsible forsafegu2rding the assets of the charity and hence fortskj.ng reasonable stepsfor the prevenaon and detection of fraud 2nd other irregularitiés. Approved by the trnstees ofthe charity on 5 Marth 2024 and sned on Irs behalf by. MathewL4ws Trustse Puge 3
Ald¢rmall St¢¢ven8 Charity Independent Examfiner's Report to the trustees of Alderman Steeyens Cbarhy I report on the Accounts of the eharity for the year ended 31 Dec¢rnbeT 2023 which are set out on pages 5 to 13. Resp¢¢tive re5ponsibilitle5 of trust¢¢s and exgminer The trustee5 ar¢ Tesponsible for the preparation of the accounts. The trusie¢s ¢onsider that an audit is noi required for this y¢8r under section 144{2) of the Chalities 2011 (the 2011 Act) and that an independent ex4mination is needed. It is my responsthbility i0= ¢xamine the accounts under section 145 of the 2011 Act. to follow the procedures laid down in the general Directions given by the Charity Commigsion under $e¢tion 145(5)Ib) of the 2011 Act- And ro 8tste whether particular matter5 have Come io my Attention. Basls ofilldependtnt txaminer $ Teporl My examination TrIed our in accordance with the general Directions given by the Charity Commt55ion. An examin8lion lli¢ludes a review of the auntIng records kept by the charity arsd a comparisot) of the accounts presertted with those cOrds. It also include5 consideration of any unusual item5 or dis¢lo$ur¢s in the accounts, and seeking ¢xplanations from you as trustees ¢oncernin8 arty such matt¢rn. The procedures UTKl¢rt8k¢n do not provide all the evidence that would be reqyired in audit and consequetttly ftts opinton ÉS given 8S to whether the a¢counts present a 'true 8nd fair view, and the Teport is limired to tho% matter$ set out Èn the next stsiernent. lttdeptndtttt ÈXAmkner'$ $tAtÈrn¢ot In ¢onnection my wrninatitsn. ncj matter ha5 come to my attenrion: {1) which gives m¢ reasonable cause to believe that in any material respect th¢ r¢quirtments= to keep &CCC*unting Tecord$ in accordance with seetion 130 of the Chariti¢$ Act 2011. and to prepare accounts which accord with the ac¢ounting re¢ords and ¢omply with the accountin8 requirtrmentl of the 2011 A v¢ not been or (2) to which, in my opinion, artention shoukl b¢ drnwn in ord¢T to enable 4 pri)per understartding of the accounts to be rea¢h¢d. her Keates-Po rtered A red Attourttants of England and Wales The Old Dairy Ashton Hill Parm Wesron Road Failand Bristol BS8 3US 5 March 2024 Pa8e 4
Alderman Steevens Ckarfity Statement of Flnanclal Aethiities for the Ytar Ended 31 Deeember 2023 VDrestrirt¢d futtds Total 2023 Nott In¢om¢ and EndowmtDts from: Investment income Other income 20,158 11,208 20,158 11.208 Totsl income 31J66 31.366 Exp¢nditure On: Other expenditure Total expendiDJre Net movement in fuTM13 16,337) (16.337 {16,33 16.337 15,029 [5.029 R¢¢tsn¢lllation o¢fuud5 Totsl funds bTOU8ht forward Total fvnds carried forward 2,118,847 2,118.847 10 2.133,876 UnrestrEcted funds 2.133.876 Tot21 2022 Note Itteomt and Endowments from: Investment tncome Other income (17,976) 8,811 (17.9761 8,811 TO income 9.165 9,165 Expendlture on: Other exp¢nditure 31.475) (31.475 Tot81 expenditure 131,475) 131.475 Net movemert in &and¥ {40.640) 140.640) Reconclllatloth of fvndi Total fiJnd$ brought ft*rward Total fund5 ¢Erri forward 2,159,487 2.159 487 10 2,118.847 2.118.847 All of th¢ charity's activities derive frvm ntinuing operations during the above two p¢riods. Page S
Atderman Steevens Charity (Registration number: 202843) Balance Sheel as at31 December 2023 2023 2022 Fixed &¥yetq Table as*'i tniestin¢nts l.i411.1 1.940.1XXI C."urreDt &ssets 6,317 Cash at bank. and in hJnd 21,426 11.5)) Creditors: Amounts falliti% due Tr'ithSn 0e Net eurrent gssct$ Net &sse¢s Funds of the charth.: Unre$iricted ineome funds Unrc%tricted fiu]d8 Total fuDdy The fin8ncs&1 alLnentS on pages i 10 13 There approi'ed . the LnL%tcc%. gnd authorised for issue on 5 March •0?4 snd on their b¢haWbi': Mathi14' Laii's Truste¢ PabYL 6
Aldernian Steevens Charity Note5 to th¢ Financial Statements for the Year Ended 31 D¢¢ember 2023 l A¢countin% pollcles Statement of¢omp15ane¢ Th¢ fJnan¢ial stsl¢m¢nts have been prepared in aceordanee Mqth Accountin8 and Reponng by Charitits= Statement of Recommended Pra¢ti¢e applible io charities preparing their accounts in accordartce with rh¢ Financial Reporting Standard 8ppltcable in the UK and Republic of Ireland (FRS 102) (effe¢rive l January 2015} - (chltIeS SORP (FRS 502)), the Financial Reporting StadErd applio3ble in the UK alld Republic of Ireland (FRS 102) and the Charities Act 2011. Basts of prepara¢loD Ald¢rmat) Steevens Charity meEts the definttion of a publlc benefit enuty under FRS 102. Assets and liabilities are initially reco8nis¢d at hi5toric81 cost or transaction value unless oth¢rwis¢ Stat in the relev8ffl 8CCOILnting poli¢y note Exemptlon from prerIll£ A cash flgw statement The charity opted to early 8dopi Bulletin I published on 2 February 2016 and have therefore not inelydEd a c&sh flow statement in these financi statements. Going ¢oncern Th¢ trustees Consider that there are no material uncertainties 8bout the chariW$ ability to ¢ontinu¢ 8$ a going conctrn. In¢ome And endowrnettts All irtcoming resources art included on the Statement of Financial Acttvities whett the charity is legllly entitled to th¢ income and the amount can be quatjtified with reasonable gccurdcy. Ezpendlture Exp¢nditure 18 accounted for on an 8c¢ruals basi5 and has been c1&53ifJ2d under headiDg5 that 88gregate all cost relared to the cu¢egory. Where eosis ¢annw be directly attribui¢d to particular headings they h8v¢ be¢n allocated to actiwties on a basis con5i5tent with the usa of r¢souKes. Olh¢r 2¥pIlIre Freehold housing properties The lad on which the Almshouses st8nd is ve5tEd in the Offictal C0d1¥n of Charities. There 8r¢ no r¢cords of the original Cost of the Almshouses; the housin8 propertie5 ¢OSt relaw to subsequenf improvements. The Almshouses are included in the accounts at their valUed omounL the surplus on revaluatiOD being credited to the pemianent Endowmrt Fund. Windsor Grove, Roa4 Bran8wyn Grove ¥nd Rowlafidson G8rd¢ns are shown at their revalued amount. The tlltst¢ believe that both th¢ Current open mArkrf v•lue and estimated Tesidud v2]ue of housivg prop¢rty is t¢r than the value ai which li is Carried in lh¢ #counts attd therefore do not believe that any depr¢¢iatN)n charge is ll¢55ary. Pige 7
Aldernian Steev¢Ds Charity Iyotes to the FinaDclal Statements for the Year Ended 31 December 2023 Taxotion The ch¥rity is considered to pass the t¢sts set out in Paragraph I Schedul¢ 6 of the Fin8n¢e Act 2010 and therefore 1¢ meets ihe definition of a charitable company for UK corporation tsx purposes. Accordingly, the eharity is potentially exempt from taxation in Tespect of income or capstal gains received within eatrgories covered by Chapter 3 Part I l of th¢ CoTporation Tax Aa 2010 or Section 256 of the faxarion of Ch#r8eable G&ins Act 1992, to th4 exteni ihat such in¢orfte or gditE5 are applied exclusively to charitable puryoses. Tanglble fixed lets Individual fixed assrfs costin8 £0.00 or more are inttially recorded at cos¢ Iw any subsequent accumulated depreciation and subsequent accumulatsd impairment losse$. Fixed Asset Ixvtstments Fixed iss¢t investm¢nts, Qther ih8n programme related investhMt% #re included at mth¢t value At the balance sh¢et dgt¢. Realised gains and losses on inv¢stments are calculated as th¢ drference bthveen s&les proceed5 and thtir market value at the start of the year, or their subsqu¢At ¢0& and are ¢harg¢d tsr ereditrd ro the Ststement of Financiel Activities in the period of disposal. Unrealised 8aafts and losses repreSt the moveThNt in market values during the year Ire credited or ¢har8ed to the Statement of Finatkeial Artivities based on the market va]u¢ It the year end. CurreTrt ass¢t investments Curr¢nt Asset investments art Inclu41ed at the lower of cost net reali5abie value I market value. Cash ¢85h ¢quilents Cash and cash Equivalents Comprise cash on hond aTtd 11 deposit& and other short-term highly liquid investments ihot OTe readily convertibl¢ to a known amount of cash and are $tsbJe to an insignificont risk of ¢hang¢ in val¥Je. Borrowlngs Interest-be8riti8 borrowings are initially recorded at fair value, net of rranwtion costs. Interes¢-bearing borrowings ar¢ subsequently carried at amortised wst, with the ditferellE¢ betsveen the proceed& net of transa¢¢ion costs, and th¢ amoun¢ du¢ on Ted¢mption being reeognised a char8e 10 the Statement of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in inrest p4yabl and simhlaT char8e$. Borrowings are classified as cuNent liabilities urtle th¢ charity ho$ an unconditional right to defer setUem¢nt of the liability for ai l¢asttw¢lv¢ monihs aft¢r the reporting date. Fund structure Unrestricted income lJnd5 art general filnds that are available for At the trustees's di8¢r¢tiQrt irt fvrthttance of the objectives of the Chariry. Designated aTe unTestri¢t¢d fijnds set aside forspecific purpos¢s the discretion of the trustees. Page 8
Aldernian Stsevens CharRty NoteJ to the FlnAncial St2t¢ments for the Y¢8r Ended 31 December 2023 2 Investment incornt Unrestrlcted funds Tot31 2023 Total 21122 General Other investEn¢nt InMe 20,158 20.158 (17,970 3 Other Incom¢ Unrestrleted funds Tot#1 2023 Tot#1 2022 CeDer•l Rentsl incom¢ 11.208 11.208 8.811 4 TTUStees remllneratioo and txpenses No trustees, nor any petsons ¢onne¢ted with have received any Temyn¢ration from tha ¢hartty during thtr yeor, No rrust¢es have received sny reimbursed expenses orany oth¢r benefits from the eharity during the year. Pag¢ 9
AldermaD Steevens Cbarlty N(rtes to the FID&n¢lal Statemellts for tbe Year Ended 31 De¢¢mber 2023 5 Tax2tion The ¢harity is 8 registered ¢h8rity is therefore ex¢mpt from taxation. 6 Tangible fixed a$$ets IAnd 9nd bualdlngs Total Cost At l January 2023 1,940.000 1.940.000 At 31 Dttember 2023 1.940.000 1.940,000 Dtpre¢iatlon At 31 Dxember 2023 Net book v11* At 31 December 2023 1.940,(KIO 1.940,OCKJ At 31 Dmber 2022 1.940.000 1.940.000 RevAluAtIo The fair value of the comp5 Buildin85 was revalued on 16 Sept¢mb¢T 2020 by Burston Cool 3n independent vdluer. The reVUation in 20 wos £Nil rfhe value in 2022- £Nil). Page 10
Alderman Steevens Charfity Notes to the Flnancial Statement5 for the Year Ejjded 31 Deeember 2023 Almsbo)Jses Other Propertles Tot81 Cost of Improvements Idurins 1958-59) Sury)lus ari$in8 on T¢valuation-November 1992 Cost Surpluslloss arisitt8 on revaltsation - July 2009 SUFpl$ arising revalUatio- June 2015 Surplus arising on reva]uation- Sep 2020 20,316 114.684 20J16 114,684 461,830 308.170 670.000 365.000 461.830 (6,830) 300,000 185.DOO 315,000 370,000 180,000 Carrylng vslue *t 31st Deeemb¢r 2023 i.000,0 940.000 1.940.000 Due to the a8e of the propertythere are no records of the original cost of th¢ Alm5house& 7 Flxed asstt iDve¥trn¢nts 2023 2022 Qth¢r investments 173.527 168.369 Pagell
Alderman Steevens Cbarlty Notes lo tbe Flnanclal Statements for tlke Yeav End¢d 31 December 2023 (Xher ltsvestments UDli5ted Investments Total Cwt or Valuatlon At l January 2023 Revaluation Disposals 168J69 20,158 15,0¢)0) 168 J69 20,158 (15,000 At 31 December 2023 173,527 173.527 Net book valw¢ At 31 Deeemb¢r 2023 173.527 173,527 Ai 31 DeEember 2022 168369 168.369 8 Current asset Investments 2023 2022 Cash dewsits 6.317 6.317 9 Crtdltors: Amounts falllng du¢ wfthlll ont year 2023 2022 Ae¢rn81s 1.077 1,077 Page 12
Aldennan St¢¢veDs Charlty Note$ to the Financial Ststements for the Year Ended 31 D¢c¢mber 2023 10 Fllnds Balanc¢ at 31 De¢ember 2023 Bfil¥n¢¢ at I J4nyary 2023 ltttornlng resour¢es Resources expended UDrestii¢t¢d funds 1,036.304 31J66 (16.337) 1.0SlJ33 Desi8n8t¢d 1,082,543 1.082.543 Total f*nds 2,118847 2.133,876 B8l¥n¢e A¢ 3J Detember 2022 Balance #t I January 2022 Ineomln resources Resources expended Unreslrltted funds General 1.076,944 1.082.543 (9.165) (31,475) 1,036,304 Designated 1.082,543 Tot41 funds 2,159.487 (9,165) (31,475) 2.118,847 Permen#nt EndowJDent Fund Thi5 is stated as being Equivalent to the valu¢ at which the Almshouses are carried ITh the financial 5tatemeDts. D¢518sted Funds: AlmshoTEk$ Thi5 is stated as being equivalent to the value at which the Alrnshous¢s are carTied in th¢ fiDclaI statements. DeslgnAt¢d Furyds: R¢p4irs The Trustees dlded to desi8nate part of th¢ aUmulated income Surplus as reserve for eny ¢x¢eptional repalr 05ts that might be incurr¢d in re$p¢cl of all properties. Value Added Tax The charity is not registered for VAT; in these financial $tatem¢nts exp¢nditure is shown inclusive of VAT whtre applic&ble. Page 13