REGISTERED CHARITY NUMBER: 203141 THE PERRY ALMSHOUSE CHARfrY TRVSTEES. REPORT & ANANCIALSTATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
THE PERRY ALMSHOUSE CHARrrY CONfEKfs OF THE FINANaALSTATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 TrusteÈs' Report Independent Examinerf5 Report Statemerrt of Finanaal Activities 8alance Sheet Notes to the Finantial Statements 7-12 Detailed statement of financial actiwties 14
THE PERRY ALMSHOUSES CHARrrY TRUSTEES, REPORT FOR TrIE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual retx)rt and the financial slatements for Ihe year ended 31 December 2024. OBJECTIVES AND ACTivmES The oiyective of the Charity is to mainlain the prornrties kno% as The Pery AlMshoLS for the purpose of providing accomnTh)dation to persons aged over sixty. WIK) are preferably praclising members of a Christian Church resi(fing in the Civil Parish of WinterFx)ume 3nd who LpIY with certain olher condittons as speofigd in a scheme sealed by the Charty Commissioners in 1993. The Trus18és have regard to the guidance issued ty the Charity CommissK*s on public benefit. The charity reiVeS funds from chaw raised on restdents in the form of maintenance fees. The charges are raised to cover the c£tsts of providiNJ supw)rt and Servi to the residents and maintenance of the grounds and uip1L ACHIEVENENTS AND PERFORMANCE During the year 2024, deven residerts who have strung tie5 to the tocal parBh were offered affordable housing solutions, reduong the strain on putdic services and fosteTing local connections. One propety. following a thang8 in rwdency. required refurbtshment to ensure it remaingj fit for purpose. ProFWty repairs undertaken for the reporbng period totalled £20.984 ensuring thal they met essenlial safety. comforL and mcrflem living rgquirements. The Ombudsman Complaints Self-Assessment was undert8ken in June which show&J c£JmF4iance in all areas of the code's requirements. FINANCIAL REVIEW During the year Maintenance Conffibulions amounted to £39,621 (2QY23 - £35.942) and inc4)me from investments and grant total £2.985 (2023- £567). The overall surplus for the year amwntsd to £6,873 (2023 - (£4,251)). Eyndittjre for all rna1ntenan and govemance activtties w8rè congruent with budget forecasts. Reserves policy The Ttuslees have an approved Reserves Pdicy vthith Is rewwed annually. The Trustees tske the view that reserwes are essenlial to maintstn the ongoing viability of the charity. The Extraordinary Repair Fund (ERFI is a designatgj fund will be used for future major expenditu. The fijnd is invested in awmulation shares and in a Common Inveslment Fund. The Cydical Maintenance Fund (CMFJ i5 a deSanated fund to whth transfers are made from the Incom8 and Exp8nditure Account and is used to meet rnaintenance costs occurring at regular intervals. The Trustees recognise the need to have sufficient fvnds in reserve readily available as. or convertible into, cash to cover day to day expenditure. especially in the event that there is a reduclion in Monthly Maintenance ContributTron {MMCI incc¥ne foll(Y•ving Ihe departure Df residents pending new residents being appointed. In orderto mitigate this risk, the trustees have calculated that free reseNes of£4,000 would be needed to albJv Ihe charity to operate for at ast 12 months without income from one house's MMC. As at 31 DeCber 2024. the balance of funds held was £2,643,324 {2023 - £2.636.4511. Tre Value for Money Statement and Matrix has been review8d, and th8 Trustees have conduded thal Ihe Matrices are nol relevant to. and ther8fore do not apY to. the Pery Almshouses. STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng Document The Pery Almshouse Chaty is an unincorporated chaiity. tt was ¢stsl$hed under a trust de in 1851. It is a registere(J charity, number 203141. A new goveming scheme was sealed by the Charity Commissioners 21 January 1993 and amended on 4 August 2011 ar 26 July 2018.
THE PERRY ALMSHOUSES CHARrrY TRUSTEES. REPORT (Continued) Tnvstees The body of Trustees consists of the Rector of WinteTbourne together ¥th wpted Trustees wh) shall be persons who. thmugh residen. (JccupalM)n or employment. or otherwise, have special knowledge of the area of the Anaent Parish of WintertK)ume and aFe aptKMnied at a full meetirwJ of incum1 Trustees. New trustees are sdected and appointgd bythg existtng Tnistees. When appointing a new Trustees ¢SIderab.0ft is given to the skills Ihe new trustees may possess as well as their knowledge and understanding of the fftnunty they will sejve. Risk Management The Trustees of the Porry AlMShSe Charftatle Trust reccwise and apt their resportsibli ities tr) ensure that risk management is appruathed f*mprehensively throughout Ihe organtsation. The Trustees w[ regulaty review th8 risks it faces in all areas of tls wort(. assess these risks to detemiine their severity and the likelihood of OCXJJrren and take appropTiate alon to manage rlsks that have been idenlified. REFERENCE AND ADMINISTRATNE DEfAILS Registered Name of Charity.. The Pery Plmshouse Charity Registered Charity Number. 203141 PrineAP81 Administrative Offi Winteriwme Bristol BS36 1JZ Truslees: Rev. M Strange (Chair) Mr N Evans {Deputy Chair) February 2025 Mr R Climmer Mr5 J Smrth Mr D Hutchings Mrs D Rtx resigned 24th The Trusvs princtpal advisers are as follryHs: Soli¢itors JIndS 16 Mill Street Maidstone Kent ME15 6xr Bankers The Co-operative Bank {8usiness) PO Box 250 Skeknersdale WN8 Independent Examlrber Dunklels Chartered Accountants Wooylands Grange Woodlands Lane Bradley Stoke BRISTOL BS32 4JY Puqe-2
THE PERRY ALMSHOUSE CHARITY TRusfEES' REPORT Icontinuedl STATEMENT OFTRusfEE5' RESPONSIBILMES The trustees are responslble for preparing the Report of the Tfustees and the financial statements in accordance wtth applicable law and Uni(ed ngdoM Accounting Standards (Untted Kingdom Generally Ac£Èpted Accounting Practice). The law applicable to charities in En818nd and wale5.the Charitie5 Att 2011, Charity (Accounts and Reports) RegulètyDns 28 and the provIonS of the tryst deed requwe5 the trustees to prepare financial statements for èach finawal year which gÈve a true and fair wÈw of thè stat¢ of affairs of the charity and of the intoming resources and appllcation of re50urce5. indud1 the income and expenditure. ofthe charity for that period. In preparin8 those financial statements. thetrustees are required to select suf(able accountlng policie5 and then ap them constentty. obswve the methods and principles in the Chartty SORP: makejudgements and estimates that are aSOnae and prudent. prepare the fnancial statements on the going conrn basÉs unles5 ¢t 15 inappropnate to presume that the charity will continue in bustne5 The tnjstees are responsible for keeping proper accountire records whith disc105e with reasonable accuracy at anytime the financial position of the chartty an¢J to enable them to ensure that the financial Statements comply with the Charftles hLt 2011, the Charity {Accounts and Report51 Regulations 2008 and the provisions of the trust deed. They are also responsible for safeBuardin8 the 35sets of the chèrity an hence for taking reasonabte steps forthe prevention detection of fraud and other irregularities. Approved by the trustees and signe(l on t11r behalf by: Rev. M Strange Chair of Trustees Mr N Evans Trustee Date.. Date: t. f .iab Page-3
INDEPENDENT EXAMINEfS REPORT TOTHETRUSTEESOF THE PERRY ALMSHOUSES CHARITY Independent examine$ report to the trustees of The PerryAlmshou5es tharf I report to the charity trustees on my emamirtation of accounts of The Perry AlrnshOU Charity (the Trustl for theyear ended 31 December 2024. Responsibtlitles and basi5 of report As the charity trustees of the Trust you a responble for the preparation of the aCtntS in accordance with the requirements ofthe Charities Act 2011 (kne Act'l. I report in respect of my examination of the Trust's accounts carried out under 5ettion 145 of the Act and in carrying out my examination I have folk)wed all applicAle Direttions wven bythe Charity Commission under Section 14515llbl ofthe Art. Independent examinerfs statemert I have completÈd my ex3minatFon. I confimi that no material matters have come to my attention in connection with the examination giving me caLise to believe that in any material re5pert: accounting records were not kept in respect of theTrust as required by Section 130 of the Act; or the accounts do not accord with those records: or the accounts do not cornply with the app.licable reqU1ments concerningthe forni and content of accounts set out in the Charr(ies IAccountsand Reports) Regulation5 2(X)8 otherthan any requirement that the accounts give a true and fair view which 15 not a matter considered as part of an independent examinatlon. I have no conorns arKI have Come acm>% no other matters in connection with the examinatlon to which attention shoutd be drawn in this report in order to enable a proper understandlng of the accounts to be reached. /uo Matthew Oobbins FCA Dunkle5 Chartered Accountants Rogsstered Auditors Woodlands Grange Woodlands Lane Bradley Stoke 8ristol B532 4JY Date.....
THE PERRY ALMSHOUSE CHARITY sTATEmETr OF FINANaALAcnviTIES FOR ThE YEAR ENDED 31 DECEMBER 2024 Total Funds 2023 Funds Funds 20Z4 Funds 2024 INCOMING RESOURCES Malntenance ¢¢trIbutIonS Investment income Interest receivable Other income 39,621 39,621 35,942 381 186 1,079 1,079 1,5C 42,606 42,6( 36,509 RESOURCES EXPENDED thafttable attiwties 38,225 38,225 38,225 42,405 42,405 Net Incomellout8ixn8) re50w(es 4381 4,381 15,8961 Other recogntsed galns/llosses} Galn/llossl on valUation of investments Revaluation of properties Transfers btheen funds 2.492 2.492 1,645 Net movement In fw(ts 673 6,873 14.2511 Re¢on¢iliation of fund5 Total funds brought forward 2,636,451 2.636,451 2,640,702 Total funds carried forward 2.643324 2.643.324 2.636.451 Thè notes on pages 7 to 12 fomi part of these accowrts.
THE PERRY ALMSHOUSE CHARITY BALAN SHEET AS AT 310ECEMBER 2024 Totsl Funds 2024 Total Funds 2023 Funds 2024 TANGIBLE FIXED ASSErs 2024 Housing Properties (Housing Assoaath)n Grant) 2.743A57 1163.4571 2,743,457 1163,4571 2,743,457 1163,4571 2580,1X 2,580,OCKJ 2,580,IXID OtherTanglble Fixed Assèts INVESTMENTS 37J)50 37A150 37,050 37.050 34,558 34,558 CURRENT ASSETS Debtors Cash at bank Cash in hand L799 26,076 26JJ76 22,3 27.874 27.874 23,792 CREDITOR&' Amounts Falling due withln one year {1.(? 1,6001 11,8991 Net Current Assets 26.274 26.274 21,893 TOTAL ASSEf5 LESS CURRENT IIABIUTIES 2.643,324 2,643.324 2,636,451 NET ASSETS 2.643324 2,643.324 2,636,451 Represented bw. Total funds 2.643.324 2.643.324 2,643,324 2.643.324 2,636,451 2.636.451 The Trustees approved th2 financial ststeMts on and were gned by: Rev. M Strange Trustees Mr N Evans The notes on pages 7 to 12 forni part ofthw ac
THE PERRY ALMSHOUSE CHARITY NOTES TO IHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER Z024 PRINCIPAL ACCOUNTING pouaES lal Basts of Preparation The financial Statements of the charity, Twhich is a public benefrt entity under FRS 102. have been prepared in accordance wtth the Charitie5 SORP IFRS 1021 'Accounting and Apporting by Charities: Statement of RecommerKled Pracbce applicable to charities preparing their accounts in accordance with the Finanual Reporting Standard applicable in the UK and Republic of Iland IFRS 1021 leffertive l January 20191., Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republ1¢ of [land, and the Charities Art 2011. The financial statements have ien ppared under the historical cost convention, as modified by the revaluatbon irfcertaln assets. Ibl Income All inCOTne is reco8ni5ed in the Statement of Financial Activities once the charity has entitlement tothe fvnd5. kt ts probabEe that the income will be received and the amount can be measured reliably. Icl Expendlture abilities are recognssed as expend[tU as soon as there is a legal or consiructNe obligation committing the charity to that expenditure. it is wobable that a transfer of economic benefits will be required in setvement and the amount of the obligi¢M can be measured rÈliabty. Expenditure is accounted for on an acmials basis and has been dassified under headings that aggregate all cost related to the category. WheTe costs cannot be directly attributed to particular hea{ll$ they have been alloced to actMtle5 on a basis conslstent with the use of resources. {d} Flxed Assets Tangible assets, exduding the housire properties are stated at cost less accumulated depreciation. HoLL4ing propertie5 are initialfy recognised at cost and subsequentty measured at fairvalue. Depreciation is charged on a straight-line basls over the eKpe£red economic useful Ilves of the assets at the following annual rates= xturesand ffttir r 5 Years {el Housing Assocllon Grant Housing Association Grant IHAGI is paid by the Housing CO)ratIon t(J reduce the cost of development. and is. therefore, shown as a deduction from the cost of Housing Properties in the Balance Sheet. HAG is Payable under rtain circumstance5, primarily the sale of the property. (fl Revaluation of current asset Investsne Current assets Investments are stated at market value. Any unreallsed surplus or deficit arising on revaluation of the investments is recogni5ed in the Statemerrt of Comprehensive Income. The aggregate realised s4Jrplus or deficit arisin8 on the sale of investments is rellected in the Statement of Comprehensive Income. (gl Fund arcountlwa Unrestricted funds can be used in aCCordanWIththe charitable objectNes at the disuetion of the trustees.
THE PERRY ALMSHOUSE cHARy NOTES TO THE FINANQALSTATEMEPlts (cotrmNUED} FOR THE YEAR ENDED 31 DECEMBER 2024 PARTICULARS OF INCOMING RESOUR AND RE501H¢CES EXPENDED 2023 Charftable Artlvltles Actithtie5 Turnwer Malntenance ¢ontrIbuon$ Housing Accommodation 39.621 138.2251 35,942 142,405} Other Incorne and Exwdirn Other Income Interest Receivable 1.(87 186 41218 138.2251 36,128 142.405) Surplusl(Delklt} beforetaxat 3.993 16,2771 Investment income 381 Total surplusl{defi¢itl before taxation Forthe perlod af account 4399 INCOME FROM LErnNGS 2024 20ZY Malntenance Contributions 39.621 35,942 Grantfrom Local ALrthority 41,121 35,942 OPERATING LEING5 Hw55ng Accommodation (10 unitsl Service5 Man88emerrt Routine Maintenance Depreclation FROM 930 16,310 20,984 1,057 13,989 27,359 38225
THE PERRY ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS ICOllllNUED) FOR THE Y&qR ENDED 31 DECEMBER 2024 TRUSTEES. REMUNERATION AND BENEFrts There were no trustees. remuneratlon or other beneffts for the yèar ended 31 Dember 2024 )rforthe year end1 31 December 2023. Trustees. exPSe5 There were no trustees. eXPSe$ paid for tr* year ended 31 December 2024 nor for the year ended 31 December 2023. INTERE5f RECEIVABLE 2024 Intèrest Receivable from Bank and Building Society Investment Accounts 1,079 186 TANGIBIE FIXED ASSEts Freehold futures Properties Fittirys TOTAL Cost orvaluatlon At 31 DmL 2023 2.W.ttyJo 2,151 2,582,151 At 31 December 2024 2.580.LXM) 2.151 2.582,151 At 31 December 2023 ChaY8e fL¥ the year 2.151 2,151 At 31 December 2024 2,151 2,151 Net Bookvolue At 31 December 2024 2,580.(K)o 2.580,000 At 31 December 2023 2.580,000 2,580,000
THE PERRY ALMSHOUSE CHARirY NOTES TO THE FINANapLSTATEMENTS ICOP4TINUED} FOR THE YEAR ENDED 310ECEMBER 2024 Freehold Housing Properties 2023 Cost of Properknes Less.. Housing A%sociation Grant frorn the Housing Corporation 191210 191.210 {163,4571 27.753 1163,4571 27,753 The property was rwlued on 5 Septernber 2022 by Andrews to the value of £2.580,OLX). The properties are valued to an open market w4lue by the trustees, with sufficlent re8ularity to ensure that the carryingYélue5 are a talr representation of their markÈtvalue. Cost or valuation at 31" December 2024 is represented by= Freehold Houslng Fixtures TOTAL Valuation in 2D21 Valuation in 2022 Valuation in 2023 Ctsst 2.9S2.058 1380.cthl 119,8111 27.753 2.952,058 1380.0001 19,8111 27,7S3 2,580.C 2,580,000 The abo capitsl expenditure relatesto an apwoved scheme forthe fefurbishment of thÈ ten Almshouses whlch, together with land, were endowed to the Trust as part of a charitable settlement in 1851. There is no evidence of any expenditu of a capital nature having been borne by the Trurt from 1851 until tF commencement of the scheme completed in 1982. apartfrom a kitrhen-bathroom extension tothe houses about 1952, which were fInand by a loan from &xllwry RDQ and improvements since. INVEsfMENTS Investments in Governmentstocks were transferre(I to the National Association of Almshouses in 1962163 in exchange for shares in the Common Investsnent Fund. In the absence of records of the original cost of the inVestsnts. the base values of these shares in the Common Inve5trnent Fund are stated at Fund manage prices at 24 Dember 1979. Pélarket value at 31 De¢embèr 2024 Cost or base value At 24 December 1979 2024 2023 228 Accumulatlon Shares 10.024 Income Sha$ 334 2.787 3.121 27,745 9,305 37.050 25,555 34,558 Poge-io
THE PERRY ALMSHOVSE CHARITY NOTES TO THE FINANCIALSTATEMENT5 (CONnNUEDI FOR THE YEAR ENDED ai DECEMBER ZOZ4 DEBTORS: AMOUNf5 FALLING OUE wifHIN ONE YEAR 2023 Prepayments and Accrued Income 1,799 1,799 1.448 CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Accruals & Deferred Income 1,899 1.600 It Ssthe Trustee5' polity to pay all credttors withln 30 days of the teipt of purchase invoices. TOTAL FUNDS unrestr Iksignated fd5 funds Total As at 31 DeMer 2023 Net movement in funds Transfers between fund5 2.636,451 6.873 2,636.451 6.873 As at 31 December 2024 2.643.324 2,643,324 Net movement funds. included In the aboye is as f1(5. Net movement in funds Gains and losses EXdItre Unrestricted hjnds 42.6 1382251 2.492 6,873 Total funds 42, 38225 2,492 6,873 Page-li
THE PERRY ALMSHOUSE CHARITY NOTES TO THE FINANCIALSTATEMEIITS ICONTINUEDD FOR THE YEAR ENDED 31 OECEMBER 2024 10 EMPLOYEES (full time equlvalentsl 2024 2023 No. Average weekty number of employees li RELATED PARTY IXSCLOSURES There were no related party transactions forthe yearended 31 December 202412023-nil.I Page-12
THE PERRY ALMSHOiISE OIARITY THE FOLLOWING PAGE DOES NOT FORM PART OFTHE STATUTORY Accolwirs
THE PERRY ALMSHOUSE CHARITY DAlLED STATEMENT OF FINANCWL ACTNMES FOR THE YEAR ENDED 31 DECEMBER 2024 Total funds 2024 Total fund5 2023 funds INCOME Maintenance coThtributions 39,621 39,621 406 35,942 381 Investment income Interest receiwdble 1.079 1.079 186 Other incomè rotal incomln9 resourtes 41606 36,509 EXPENDITURE Manalement expense&' Propèrty Insurance Subscriptions Management fees Accountan 2.495 793 2.495 793 1,672 492 25 Administrator's rectympense IV licen 11.385 38 11.385 38 10,186 Service costs: Electricity 930 930 1.057 Repalrs and maintenance: Day to (Jay repair5 20.Yd4 20.984 27,359 Totol resources expended 38325 38,225 42A05 Netyn¢omebeloregolns and 4.381 4,381 15,8961 Realised gains/llosses} on investmènts Revaluation on property Transfers between funits 2.492 2,492 Net income/lexpendftureJ 873 {4,2511 Poge-14