REGISTEREO CHARrrY NUMBER: Z03141 TRUSfEEY REPORT& FINANCIALSTATEMENTS FOR THEYEAR ENDED 31 DECEMBU12023 THÉ PERRY ALMSHOUSE CHARriY CONTENTSOF THE FINANaALsfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 TrustEe5' Report Independent Fjarninerfs Report ststement of Financial Acti¥￿eS Balance Sheet Notès to the Financial szatemet)ts Detailed Statement of financial activitie5 14 THE PERRY ALMSHI￿SEs CHARrrY TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present their annual reFQrt the finan(ial staiemenls fw the year ended 31 De￿mber 2023. OBJECTIVES AND ACTivrriES The objeclive of the Charity is to rnaintain the properties known as The Pery Amshouses the purwjse of providing a(xxbmmodalion to persons wJed over sixty. who are preferably practisirrfJ member5 of a Chdslfian Church resNJing in the Ciwl Parssh of Winierb￿rne and who comply ￿th certain other cOr￿1￿"0n5 as Spe￿fied in 8 sealed by the Charty Commissioners in 1993. The Twslees have regard trj Ihe guidan￿ issued by the Charity commissi(￿ on PLJblio benefiL The charity rèceives fvnds frcxn tharges rwsed on residents in the fomi of maintenance fees. The charges are raised to cover the costs of providirvJ supFort and services lo the residents and maintenance of the grounds and e4uipYnenL ACHIEVEMENTS AND PERFORMAMCE 2023 saw an expected VLMd at the teginning of Ihe year ￿llch resulted in a ma￿r refvrbishment ich also included 8 new kitchen being installed. Ths ak)ng with further rising damp works and the installation of a new car part( for two cars. had a major impact on eXpèThjitu￿. A Se￿-aSsessrnent was undertaken on conwaints which showed cOm￿ance in ail areas. resident satisfaction suNey was also undertaken in line Wbth the Regulator of Social Housing's tenant satisfaction mèasures which sl￿W@d p￿aSIr0 results in an areas wilh r8sid8nts not reswnding (Jisappoinlment in any of the rest*)nses. FINANCIAL REVIEW Dudng thg year Maintenan¢e Contributi￿$ amwnl*fj to £35.942 (2022 - £31,138) and incrme from Investments £567 {2022- £3451. The overal deficit for the year amounted to £4,25112022- £19.448, ex¢luding a revaluation loss of £380.(KKI). ReseNes policy The Trustees have an approved Reserves Pclicy Ithich is reviewed anwalty. The Trustees take the wew that reserves are essential lo maintain lthe ongoing M*)ility of the charity. The Extraordln8ry Repair Fund {ERFI 1$ 3 designated fund whi¢* wll be Ltsed for fijture major expendknre. The ￿nd is invested kn a¢¢umulatM)n shares arKI In a CrynrtK)n Investrnenl Fund. The c￿lical maintenan￿ Fund ICMF} is a designaled fund to which transfers are made from the Income and Expenditure Account. and is used lo meet mainienanc& costs occurring at re9ular intervals. The Trustees ￿(￿jg￿lSe the need lo have SLtfficientfunds in reserve readity avai18ble 8S, or ¢onverM)l& into, cash to cover day to day eXp￿￿￿ilUfe. espe0a1￿ in the event that there is a reduction in Monthly Mainlenance contribUb￿ IMMC) (r￿ne followirvJ the departure of residents P8ndirKJ new resdents being appointgj. In order to mitvJate this risk. the trustees have cakulated that free reserves of£4.000 would be needed to allow the Charity to operate for at least 12 M￿th$ without Incomè from onè house's MMC. As at 31 D8(xi)￿r 2023. the balanc* offijnds h8ld was £2,636,451 12022 - £2.640.7021. The Value for Money Statement and Matrix ￿ been review￿ and Ihe Trustees have ojncluded that the Matrices arB r¥Jt relewant lo. aThJ therefore do not ap￿1 to. the Pery Amshouses. STRuGfuRE. GOVERNANCE AND MANAGEMEKr Governing Document The Perry Amshouse Charity k* an urunc￿)rated tharity. It was established under a trust deed in 1851. 11 is a registered charity. number 203141. A new goveming ￿heme was sealed by the Charity Commissioners on 21 January 1993 and amendad on 4 August 2011 and 26 Juty 2018. THE PERRY ALMSHOUSES CHARrrY TRUSTEES, REPORT (continu￿ Trusts•s The body ofTNstee8 (xH￿ISts ofthe RectorofWintvbwm& tr￿au)erWth ffive co￿ptsd TNs18es who shall be persons WFK), through resM*nce. 1￿cuPat￿MI or empk)ymenL or othermse, h8Vè Spe￿al knowledge of thè 8r88 of the knxent Parish of W1ntertNluTh￿ and are appointed al a full meeting of incumbent Trustees. N8w TTUStees ￿e selected and aptKJinl8d by the exlsting Trustees. When appoinlThJ a new Trustee ¢onsideralion is given to the skills the new Trustees may p05se5s a5 well as their kno￿edge and underslanding of the (t¥nmunty they wil serve. REFERENCE AND ADMINISTRATIVE DETAILS Registered Name of Ch8rity: The PeryAmshcwse Clwrity Rogistered Charity Number.. 203141 Principal Administrative Office ejo 15 Stantorrl Close Frdmplon Cotterell BRISTOL BS36 2DG Trustees: Rev. M Straw Ichair) N Evans (Dewrty Chair) r R Climmer r J Bran- retired 3rd May 2023 Ms L Ball- retired July 2023 Mrs J Smilh Mr D HutL*irvJs- app￿nted 201h July 2023 rs D R￿-ap￿￿tad 20th July 2023 Thè Trusts principal advisers are as frxlows". Sollcltors GulLands 16 Mill Street MaKlstone Kewrt ME15 6XT Bank8TS The Cweralive Bank (Business} PO Box 250 Skelmersda WN86 Indopendènt Examiner Dunkws Chartered A(Xx￿rtsnts W￿d[ands Grange WcM)dlands Lane Bradley Stoke BRISTCL BS32 4JY THE PERRY ALMSHOUSE CHARITY TRUSTEES. REPORT IContirn*dl STATEMElff OFTRUSTÉES. RESPONSIBtLmÉs 7hE tTUStee5 are reswnsible for preparin8 the Report of the Tru51ees aThl the financial statements in I￿￿[dance with apPI￿able law and United kn"ngdom Actourrting 5tsndards Iunited Kingdom Generalty AC￿ptedAC￿)Unt1ng prartS￿l. The law applicable tocharlties in EnglandandWales,thethariuesAct2011. CharitylAccounts and Reportsl RegulatiN$ 2(X)8 Ind the provisionsof the trust deed requiresthe trustees to preparefinancial statements foreach financial yearwhich 8ivea trueand fairviewofthe siaie of affairs of thecharity and of the incoming resoUr￿S and application of resources, includtng the ijKome and expenditure. of the charty for that perlod. In preparingthose financial statements, the trustee5 are required to select suitable accounting rA)licie5 and then apply them wsi5tenttr. observe the methods and principles in the Charty SORP.. make judgements and eMim3testhat are reasonabk and prudent prepare the financial ststements on the going (￿￿￿Tr bays unless it i5 inappropriate to presume that the charitywill continue in business. The tTU5tees are responsible for keeping proper accounting records whth di5ck)se with reasonable accuracy at any time the financial position of the charwty and to enalAe them to ensure that the financial Statements comply with the Charilie5 Act 2011, the Charity (Accounts and Reports) RegulatÈons 2(K)8 and the provision5 of the irust deed. They are also responsible for safeguarding the as￿t$ of the charity and hence fortaking reasonable steps f￿the pr￿entIty1 and detection of fraud and other irregularitie5. Approved by the tNstee5 and signed on their behaff by: Rev. ange Chair of Trustee5 Mr N Evans Tru51ee Date.. ?1 Ltrl LLt INDEPENDENT EXAMINER'S REPoRTTOTHETRL￿TEEs OF THE PERRY ALMSHOUSE5 CHARrrY Independart exarniner's report tothetrustees of The PerryAkn5hou5es Charlty I report to the charity trustees on my exam1t￿tIOn of accounts of The Perry Almshouses Charity (the TrusEI for the year ended 31 D￿rnber 2023. Re5pDn5ibilitiP5 and baslsof report As tho rh3rity tru5tee5 of the Trust you are responsible for the prepatation of thE ac£ounts in accordan with the requirements of the Charities Acl 20111'ihe Acl'l. I report in re5pe(t of my examination of the Trust's accounts carried out urnler Section 145 of the Act and in carrying out my examination I have lollowed all applKable Direc￿n5 given by the Charity Commission under Settion 14515llbl of the Art. Independent exominer'sstattment I have completsd my examinatioll. I confirm that no material matters have tome to rny attention in conntditsn with the examln8tfon me cau5eto believe that in ary rt￿terIal respect.. attounting records were nc* kept In ￿$pert ofthe Tru￿ as required bysectyon 130 of Act: or the accounts do not accord with those records- or the account5 do not comply with the apylicable requirements cOntrmi￿ the form and content of actounts set tyjt inthecharities (Accounts and Reports) RegulatTron5 2(X)8 otherthan any requirementthat Ihe aciourts gNe a true and fair view whith is a Inatter cOn￿dered as part of an ind¢pcndent examinatTOn. I have no concerns and have come auoss no other matter5 in connect•)n wlth the exarnination to which attention should be drawn in this rep(Ki in order to enable a proper understanding of the accounts to be reached. Matthew Dobbin5 FCA Dunklerfs Charle￿d Ac(ountsnts RÈgistered Auditors Woodlands Grange Woodlands Lane Bradley Stoke Bristol BS32 4JY Date..... ThE PERRY ALMSHOUSE CHARITY STATEMENT OF FINANCIALAcriwnES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestrirted Deslolated Tolal Funds Fund$ Funds 2023 2023 To Funds 2022 INCOMING RESOUR NOTES Maintenance coHtributions Investment income Interest receivable Other income 35,￿2 381 35.942 381 31,138 351 161 1.5LK) 32,983 36￿09 36.509. RESOURCES EXPENDED Charttablé activities 42.405 42A05 42A05 42,405 52,334 52,334 Net MitomèlloutgolnEI resources 15.8961 15.8961 1193511 Other retoRnised8aknslllosse5) Gain/llossl revaluation of Inve5tinents Revaluatlon OF properties Transfers betrween funds 1.645 1.645 1971 1380,WOI 13531 353 Net movementin fvnds 14,6041 353 14.2511 1399,4481 ReconullatiDn of fvnds Total funds brought forward 2.￿1.055 (3531 2.640.702 3,040,150 Total fundscarried forwaTd 2.636.451 2,636,451 2,640,702 The noteson pazes 7t0 12 lorm part of th￿￿ account THE PERRY ALMSHOUSE (IIARITY BALANCE SHEET AS AT31 DECEMBER 2023 Total Funds 2022 Funds 20Z3 Fund5 2023 Funds 2023 TANGIBLE FIXED ASSETS Housing Properties IHou5ingAs50clatit)n Grantl 2.743.457 {163.4571 1743.457 1163.4571 2,743,457 1163,4571 2.580.Q 2,580.0 2.580.000 otherTangible Fixed Assets INVE5fMENT5 34,558 34,558 34,SS8 34.558 32,913 32,913 CURREKfASSErs Debtors Cash at bank Cash In hand 1.448 22.3C 1,118 28,360 46 29.524 22,3(Kl 44 23,79Z 23,792 CREDITORS: Amounts Falling due wltFun one year 11,899 18991 11.735 Nei CurrentAssets 21.893 21.893 27,789 TOTALA55Ef5 LE55 CURRENT LWIUnES 2,636.451 2.636AS1 2,640.702 NE[ ASSEts 2.636.451 2,636.451 2,640.7Q2 Represented by: Total funds 2.636.451 2,636,451 2,636.451 2,636,451 2.640.702 2.640.702 ThoTruste•s approved the fina￿la] statemtnts on8 Rev. M Strange TtU5tee5 MT N Evon5 The nDtes FW 7 to 12 form partofthese account THE PERRY ALMSHOUSE CHARITY NOTE5 TOTHE FINANCIALSTATEMENTS FOR THEYEAR ENOED 31 DECIMBER 2023 PRINUPAiAccoiTrillNG POUCIES (al Basls of Preparatlon The finanual ￿ateMentS of the ehartty. whleh is a public benefit entity under FKS 102, have been prepared In accordan￿ wtth the Charitles SORP IFRS 1021'Accounting and Reporting by Charitles.. Statement of RecNnmended Practice appltsbk to charities preparing their accounts in atcordancè with the FinènLial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 leffectNe l January 20191.. Finawal Reporting Standard 102 The Financial Rewrting sièndard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial ￿atements have been prepared under the historical cost convention, as modified by the revaluation of ￿rtain assets. Ibl Income All income is recogni5ed in the Statement of Financial Activities On￿ the tharity has entitlementto the funds. it is probablethatthe incomewll ￿ received and theamount can be measured reliab￿. Icl Expendlture Liabilitie5 are recognised asexpenditure as ￿on as there isa legal orcoDStructNe obli8ation Cornm￿1ng the charity to th* expenditu￿, it ￿ probab￿ that a transfer of econornic benefrts wlll be required in settlemeii t and the amount of the obligation caTh be measured reliably. Expenditure is accounted lor on an ac(ruats b￿S èThl has been cla55ifiÈd undÈr headlnES that aegregats all cost rdated to the (ategory. Where costs cannDt bp directly attributed to particular headings they have t￿en allocated to actMtie5 on a basls consistent with the use of resources (dl Fixed Assets Tangible fixed assets. induding housbng properties. are stated at cosi less accumulated depreciation. Individual fixed assets ale stated at CY)5t le55 accumulated deprKialion. Depreciatian 15 charged on a straiKht-line basts over the experted eu)nOM￿ useful lives of the assets at the following annual rates: Freehold Housing Properties xtures and ffttings er50 Years. subject to revaluation Over5 YeaTS {el Hou51ng Association Grant Housing A5SOCiation Grant IHAGI Is paid by thÈ HO￿$[n8 Corporation to reduce the Cost of development, and 15, therefore, shovm as a d￿U￿10n from c05t of Housing Properties in the Balan￿ Sheet. IIAG 15 repayable under cèrtain circumstance5. pThmarify the sale of the property. (Q Revaluauon of currentasset investments Curietrt a￿et$ Investmertts are stated at market value. Any Un￿alISed surplus or deficit arising on r￿luatiOn of the investments is recognised in the Statement of COmp￿hen$1ve Incotne. The aggre8ate ￿all￿d surplus or deficit arising orb the sale of investments is refiected in the St*ement of comprehen￿ve Income. (gl Fund accounti Unrestrictedfunds can be u*d in accordance wtththe tharitsb￿objectl¥ÈS atthe discretion of the trvstee5. THE PERRY ALMSHOUSE CHARITY NOTES TQ THE FINANCIAL STATEMENTS ICOPrnNUÉD) FOR THE YEAR ENDEO 31 DECEMBER 2023 PARTKULAR5 OF INCOMI1￿ RESOiJR(ES AND RESOURCES EXPEMDED 2022 (haritable MaIntenan￿ contrlbutions Housing Accomrnothtion Ext￿Ordinary Repairs 35.942 142A051 31.138 1523341 Other Income and Expenrffture Other lttcome Interest Rece￿able 186 36,128 142.4051 32.632 1523341 Sun)lusllDefi¢itl bth tsxatlo 16,277) 119.7021 Investment Income 381 3Si Total 5urpluslldefi¢lt) befo taxation For the perlod of actount 15W6} 1193511 IIKOME FROM LErnNGS 20Z2 Maintenance contribubons 35￿2 31.138 Grant from Local Auti￿rity 35yZ 31.138 OPERATING COSTS FROM LETTINGS Housing A¢