## **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: - examine the accounts under section 145 of the 2011 Act - 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 - 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** - 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 - 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 - 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)|