Charity Rgi5tration numbu.. 202843
Aldernian Steevens Charity
Ann￿1 Report and FitMn¢i41 Sts¢emeni$
forthe Year Ended 31 De¢ember 2023
R S Porter & Co LiEnitEd
Chartered A¢¢ountsnts
The Old Dairy
Ash￿rt 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$tees
M Laws, Chairman (￿Igned S Mar¢h 2024)
Mrs S Fox￿1-s￿lth
J J D McArthur (resigned S March 20241
R I Clarke
J N G Hawkirs
r Toby Saunders
Mr Phillip Bate
Leah Tattersall. Chairn)an
Principal Offi¢¢
Stecvens House
34 Old Market Street
Bri$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 tru￿ceS 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" ComMiKsinn￿T4 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¢ qppointh*nlOftr&￿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.t￿e￿CLI>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¢ tsi￿￿anplth' aelerk. to undert￿"Cthen)￿1nty thim"#ration of theckn"tv.
Tbe Lharil!. has a PLryTJaDLnl coasisl￿g of the Al￿shows. 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 &￿trOlS￿re in pl￿ to k71)￿'Xk rr&%)nahk' againa fraud 8￿l 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 attCOllUni￿8l{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 Tn￿tees, Responsibilities
The trustees are re5ponslble for preparing the tNstees' report and the fir￿ncIal 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 c0ft￿rn basis unless it Is In8ppropri2te to presume that the
charity will continue in business.
The trustees gre responsible for keeping prO￿r accounting records that disdose re3Sf￿ab]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 s￿ned 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 a￿untIng 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
Ta￿￿ble 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 0￿e
Net eurrent gssct$
Net &sse¢s
Funds of the charth.:
Unre$iricted ineome funds
Unrc%tricted fiu]d8
Total fuDdy
The fin8ncs&1 ￿alL￿nentS 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 Repon*ng by Charitits=
Statement of Recommended Pra¢ti¢e appli￿ble 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} - (ch￿ltIeS SORP (FRS 502)), the Financial Reporting Sta￿dErd 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 pre￿rIll£ 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¥p￿I￿lI￿re
Freehold housing properties
The la￿d on which the Almshouses st8nd is ve5tEd in the Offictal C￿￿0d1¥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 Endowm*rt 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 repreS￿t 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 ¢qui￿lents
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 $tsbJe￿ to an insignificont risk of
¢hang¢ in val¥Je.
Borrowlngs
Interest-be8riti8 borrowings are initially recorded at fair value, net of rranwtion costs. Interes¢-bearing
borrowings ar¢ subsequently carried at amortised wst, with the ditferellE¢ betsveen the proceed& net of
transa¢¢ion costs, and th¢ amoun¢ du¢ on Ted¢mption being reeognised ￿ a char8e 10 the Statement of Financial
Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in in￿rest p4yabl
and simhlaT char8e$.
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 In￿Me
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 D￿mber 2022
1.940.000
1.940.000
RevAluAtIo
The fair value of the comp￿￿5 Buildin85 was revalued on 16 Sept¢mb¢T 2020 by Burston Cool 3n
independent vdluer.
The reV￿Uation 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¢518￿sted Funds: AlmshoTEk$
Thi5 is stated as being equivalent to the value at which the Alrnshous¢s are carTied in th¢ fiD￿claI statements.
DeslgnAt¢d Furyds: R¢p4irs
The Trustees d￿lded to desi8nate part of th¢ a￿Umulated 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