ST PETER'S ALMHOUSES - BRIMPTON
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2021
Charity registered number: 204049
ST PETER'S ALMSHOUSES - BRIMPTON
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
| CONTENTS Report of the trustees Report of the independent examiner Balance Sheet Income and Expenditure Account Notes |
PAGE |
|---|---|
| 1 2 3 4 5 |
Page 1
ST PETER'S ALMSHOUSES - BRIMPTON
TRUSTEES
Mr Colin Evans (Appointed January 2016) Mr Patrick Bowring (Appointed January 2016) Mr Jonathan Shorten (Appointed October 2017) Rev'd Jane Manley (joined benefice in September 2018) Mrs Helen Timperley Clerk to St Peter's Almshouse Charity
REGISTERED ADDRESS
The Office, St Peter's Almshouses, Hatch Lane, Brimpton, RG7 4TT
ANNUAL REPORT
The team of trustees remained unchanged for another year, once again chaired by Colin Evans. All 4 flats were occupied throughout the year, although irregular payments from beneficiaries resulted in arrears totalling £1,575.
There were only a couple of maintenance issues to resolve. The hot water cylinder in flat 4 developed a leak and the fridge freezer in the same flat had to be replaced. A major project to replace the expensive and inadequate storage heaters with air source heat pumps was completed. £15,000 of the cost was financed by the Green Homes Grant scheme and an additional £14,000 through grants. The remaining balance was paid for by St Peter's Almshouse Charities.
Mr Colin Evans Chair of the Trustees
Date: 28 October 2022
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST PETER'S ALMSHOUSES - BRIMPTON
I report on the accounts of the Charity for the period ended 31 December 2021, which are set out on pages 3 to 5.
Respective responsibilities of the Trustees and the Examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the 2011 Act
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to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); and
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to state whether particular matters have come to my attention.
Basis of the Independent Examiner's Report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity, and a comparison on the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention:
1 which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 130 of the 2011 Act, and to prepare accounts in accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Monika Tabatabaian ATT MAAT Tax Avenue Turnfields Gate Thatcham, Berkshire RG19 4PT
Date: 28 October 2022
Page 3
ST. PETER’S ALMSHOUSE – BRIMPTON
Balance Sheet as at 31 December 2021
| Notes FIXED ASSETS AT COST Freehold Land and Buildings 5 INVESTMENTS AT COST National Association of Almshouses Common Investment Fund 6 CURRENT ASSETS Current account Cash-in-hand Rent arrears CURRENT LIABILITIES Sundry creditors NET CURRENT ASSETS NET ASSETS REPRESENTED BY:- Property equity fund Accumulated surplus |
£ £ 75,432 15,492 109,283 23 1,575 110,881 612 110,269 201,193 75,432 125,761 201,193 2021 |
£ £ 75,432 15,577 17,803 23 1,960 19,786 474 19,312 110,321 75,432 34,889 110,321 2020 |
£ £ 75,432 15,577 17,803 23 1,960 19,786 474 19,312 110,321 75,432 34,889 110,321 2020 |
|---|---|---|---|
| 110,881 612 |
19,786 474 |
||
| 110,321 | |||
| 75,432 34,889 |
|||
| 110,321 |
Signed on behalf of the Trustees
…………………………………………………………………
………………………………………………………………… Dated:
Page 4
ST PETER’S ALMSHOUSES – BRIMPTON
Income and Expenditure Account for the year to 31 December 2021
| NOTES OPERATING INCOME Weekly Maintenance Charge 2 Donations and grants BUILDING EXPENDITURE Repairs and Maintenance Projects (2021 - installation of heat pumps) Insurances Fire safety Water rates Electricity Cleaning/Window cleaning Gardening Total ADMINISTRATION EXPENDITURE Clerk's salary Accountant’s fees Gifts Subscription The Goos Exchange fees Sundry expenses Professional fees Total TOTAL EXPENDITURE OPERATING PROFIT/(DEFICIT) FOR THE YEAR Investment income 3 Profit on sale of fixed assets 4 SURPLUS (DEFICIT) FOR THE YEAR Balance at the beginning of the year BALANCE AT THE END OF THE YEAR |
£ £ £ £ 18,960 18,960 14,000 300 32,960 19,260 945 1,672 38,442 543 738 710 534 288 473 211 192 174 305 299 120 120 41,749 4,017 5,035 4,549 612 474 200 200 169 150 720 - 8 65 - 618 6,744 6,056 48,493 10,073 (15,533) 9,187 1,534 1,627 104,871 90,872 10,814 34,889 24,075 125,761 34,889 2021 2020 |
|---|---|
| 41,749 | |
| 5,035 612 200 169 720 8 - |
|
| 6,744 | |
Notes on page 5 form part of these accounts
Page 5
ST. PETER’S ALMSHOUSES – BRIMPTON
Notes to the Accounts
1 ACCOUNTING POLICIES
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a These accounts are prepared under the historical cost convention, Section 24(1) of the Housing Association Act 1985 and the Accountancy Requirements for Registered Social Landlords General Determination 1998
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b Fixed Assets - Freehold Land and Buildings are shown at their value at 1[st] January 1978 of £75,000 plus any additions thereto at cost
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c Depreciation – No depreciation has been provided on Freehold Land and Buildings.
2 WEEKLY MAINTENANCE CHARGE
| £ £ £ £ £ Flat number: 1 2 3 4 TOTAL Weekly maintenance charge 4,740 4,740 4,740 4,740 18,960 Arrears b/fwd - - 1,960 - 1,960 Prior year adjustment - - - - - Arrears c/fwd - (395) (1,180) - (1,575) WMCs collected 4,740 4,345 5,520 4,740 19,345 As at 31st December 2021 all the flats were occupied. 3 INCOME FROM INVESTMENT 2021 £ 1,534 4 PROFIT ON DISPOSAL OF FIXED ASSETS 2021 Fee for removal of restrictive covenant 99,956 Profit on sale of 49 Accumulation shares 4,915 104,871 5 FREEHOLD LAND AND BUILDINGS 2021 £ At cost 75,432 6 INVESTMENTS 2021 £ National Association of Almshouses Common Investment Fund Cost 46,475 Income shares brought forward 13,398 1,261 Accumulation shares brought forward 2,179 49 Accumulation shares sold (85) Total cost 15,492 Market value at 31 Dec 2021 46,475 Income shares 42,362 1,212 Accumulation shares 126,863 Total market value 169,225 Gain (loss) in market value in the year 13,710 National Association of Almshouses – Common Investment fund 2021 |
2020 £ TOTAL 18,960 390 - (1,960) |
|---|---|
| 17,390 | |
| 2020 £ |
|
| 1,580 | |
| 2020 - - |
|
| - | |
| 2020 £ 75,432 |
|
| 2020 £ 13,398 2,179 - |
|
| 15,577 | |
| 38,862 116,653 |
|
| 155,515 | |
| (6,971) |