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2021-03-31-accounts

THE STRANGE AND AMORY ALMSHOUSE CHARITY

TRUSTEES’ REPORT

AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

CHARITY NUMBER 204538

The Strange and Amory Almshouse Charity Charity Number 204538 ;

Contents

Page
Legal and administrative information 1
Trustees report 2-4
Independent examiners' report 5
Receipts and payments account 6
Statement of assets and liabilities 7
Notestothefinancialstatements 8-11

The Strange and Amory Almshouse Charity Charity Number 204538

Legal and administrative information

Status

The charity is constituted by a Trust Deed dated 1646 as amended bya further deed dated 9th March 1981 which was further updated by an amendment dated 13th January 2003.

Charity number

204538

Business address

c/o 12 Moreton Park Road Bideford EX39 3AU

Trustees

Chris Leather (Appointed 05/10/20) Steven Sherry John Violet Peter Evans Mike Kivell (Resigned 05/10/20) Gill Violet Rosie Elliott (Resigned 27/01/21)

(Appointed 05/10/20)

(Resigned 27/01/21)

Accountants Thomas Westcott 64 High Street Bideford Devon EX39 2AR

Bankers Lloyds TSB plc High Street Bideford Devon

Solicitors

Bazeley, Barnes and Bazeley 24 Bridgeland Street Bideford Devon :

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The Strange and Amory Almshouse Charity Charity Number 204538

Report of the trustees for the year ended 31 March 2021

The trustees present their report and the financial statements for the year ended 31 March 2021. The trustees who served during the year and up to the date of this report are set out on page 1.

Structure, governance and management

The charity is constituted by a Trust Deed dated 1646 as amended bya further deed dated 9th March 1981 which was further updated by an amendment dated 13th January 2003.

The trustees are appointed/removed by a democratic process.

Objectives and activities

The charity is a parochial charity whose object is to relieve poverty in the Parish of Bideford by providing Almshouses as cheap housing facilities for poor elderly people (except in special circumstances to be approved by the Commissioners).

The management committee aim to provide housing facilities at a fair rent and employ a clerk to the trustees to oversee the running of the charity.

In planning their activities for the year the trustees have kept in mind the Charity Commission guidance on public benefit.

Achievements and performance

During this accounting period there was full occupation with the weekly maintenance being paid and the issues with Housing Benefits have been resolved. The year has been difficult due to Covid restrictions and some maintenance has been delayed. Despite the restrictions the cladding to the rear of the premises has been replaced with much better quality material and minor maintenance has been carried out where needed.

During the year Mike Kivell and Rosie Elliot resigned as Trustees and Chris Leather has been appointed. A further Trustee is being sought. Emma Doble, Clerk for 5 years, also resigned and has been replaced by Martin Williams from 15th March 2021.

Page 2

The Strange and Amory Almshouse Charity Charity Number 204538

Report of the trustees for the year ended 31 March 2021

Financial review

Non-routine repairs were carried out to the building in the year totalling £3,567.

Cash resources at the end of the year increased by £7,690on the previous year. The investments have remained in the same funds as the previous year namely:

National Association of Almshouses Common Investment Fund. The shareholding at the year end was 17,824,538.

Charnico Common Investment Fund (Accumulation Shares). The shareholding at the year end was 1,354.739.

The charity has a loan with Lloyds Bank. The balance outstanding on this loan at the year end was £13,110. The loan is secured against the building, the approximate market value of which is £380,000 as at 31st March 2021 thus the proportion of the loan in relation to asset value is 3.5%.

Risks and reserves

The charity holds reserves for the purposes of repair work that may be required on the property from time to time. The holding of adequate reserves and investments is deemed adequate to protect the charity from any risks it may face.

Specific restrictions imposed by Charity's governing document

The charity must only provide accommodation for those people deemed to be poor elderly persons within the ancient parish of Bideford and fair rents must be charged, except with the specific permission of the Commissioners.

Investment powers, policy and performance

The trustees must use all funds firstly for day to day management expenses, and then a cumulative maintenance fund is permitted. An extraordinary repairs reserve is a further mandatory investment. All investments are held in the name of the clerk.

Page 3

The Strange and Amory Almshouse Charity Charity Number 204538

Report of the trustees for the year ended 31 March 2021

Statement of trustees’ responsibilities

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the. charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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On behalf of the board
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G Viol Trustee

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The Strange and Amory Almshouse Charity Charity Number 204538

Independent examiner's report to the trustees on the unaudited financial statements of The

Strange and Amory Almshouse Charity.

Independent examiner's report to the trustees of The Strange and Amory Almshouse Charity | report to the trustees on my éxamination of the accounts of The Strange and Amory Almshouse Charity for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity's trustees of The Strange and Amory Almshouse Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the act’).,

| report in respect of my examination of The Strange and Amory Almshouse Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of The Strange and Amory Almhouse Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records.

| have no concerns and have come across no other matters in connection with the examinations to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

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Catherine Williams ACA DChA

Independent Examiner

Thomas Westcott

47 Boutport Street Barnstaple Devon EX31 1SQ Dated: AS AA aie..BRR |

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The Strange and Amory Almshouse Charity Charity Number 204538

Receipts and Payments Account

For the year ended 31 March 2021

Unrestricted Unrestricted 2021 2020
funds Total Total
Notes £ £ £
Receipts
Incoming resources from generating funds:
Activities for generating funds 2 25,404 25,404 24,875
Investment income 3 635 635 644
Other incoming resources 4 250 250 -
Total receipts 26,289 26,289 25,519
Payments
Clerk's Remuneration and Expenses 5 6,040 6,040 5,906
Establishment costs _ 7,273 7,273 5,444
Accountancy fees 618 618 408
TV Licensing 30 30 38
Christmas Gifts to Residents 300 300 330
Printing and Stationery 438 438 197
Almshouse Association Subscription 182 182 104
Loan repayments 3,718 3,718 3,770
Total payments 18,599 18,599 16,197
Netof receipts/(payments) 7,690 7,690 9,322
Cash funds broughtforward 53,640 53,640 44,318
Cashfundscarriedforward 61,330 61,330 53,640

All of the above amounts relate to continuing activities.

The notes on pages 8 to 11 form an integral part of these financial statements.

Page 6

The Strange and Amory Almshouse Charity Charity Number 204538

Statement of Assets and Liabilities

As At 31 March 2021

2021 2020
Notes £ £ £ £
Fixed assets
Tangible assets 6 39,411 39,411
Investments 7 42,645 42,645
82,056 82,056
Cash funds
Cash at bank and in hand 61,330 53,640
61,330 53,640
Total assets less current
liabilities 143,386 135,696
Creditors: amounts falling due
aftermorethan one year 8 (13,110) (16,513)
Assetsandliabilities 130,276 119,183

The financial statements were approved by the trustees on Ee... icaaimaE aaa and signed on its behalf by

G Violet Trustee

The notes on pages 8 to 11 form an integral part of these financial statements.

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The Strange and Amory Almshouse Charity Charity Number 204538

Notes to financial statements for the year ended 31 March 2021

1. Accounting policies The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.

The financial statements are prepared under the receipts and payments basis and in accordance with FRS102, the Charities SORP (FRS102) and the requirement of Accounting and Reporting by Charities: Statement of Recommeded Practice applicable to charities preparing their accounts in accordance with the Charities SORP (FRS102) and the Charities Act 2011.

1.2. Cashflow

The charity has taken advantage of the exemption in FRS102 from the requirement to produce a cashflow statement because it is a small charity.

1.3. Incoming resources

All incoming resources generated from the rental of the flats are included in the financial statements when the charity receives the income. Income from investments is included in the year which it is receivable.

Income from investments is included in the year in which it is receivable.

1.4. Resources expended Expenditure is recognised on a payments basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Charitable expenditure compromises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries.

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.

1.5, Extraordinary repairs

A contribution is made annually to meet such repairs and invested with Charities Common Investment Fund as required by Charity Commissioners.

1.6. Cyclical Repairs and Maintenance

A provision for cyclical repairs is made annually by transferto the appropriate reserve.

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The Strange and Amory Almshouse Charity

Charity Number 204538

Notes to financial statements

for the year ended 31 March 2021

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |2.|Activities|for generating|funds| |Unrestricted|2021|2020| |funds|Total|Total| |£|£|£| |Rents|received|24,830|24,830|24,061| |Insurance|payments|-|-|187| |Contributions|for TV|Licence|15|15|23| |Laundry|Meters|418|418|252| |Water|141|141|352| |25,404|25,404|24,875| |3.|Investment|income| |:|Unrestricted|2021|2020| |funds|Total|Total| |£|£|£| |Income|from|UK|investments|624|624|624| |Bank|interest|receivable|11|11|.|20| |635|635|644| |4.|Other|incoming|resources| |Unrestricted|2021|2020| |funds|Total|Total| |£|£|£| |Other|income|250|250|-| |250|250|-| |5.|Employees| |Employment|costs|2021|2020| |£|£| |Clerk's|Remuneration|6,040|5,906| |No|employee|received|emoluments|of|more than|£60,000|(2020|:|None).|

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The Strange and Amory Almshouse Charity Charity Number 204538

Notes to financial statements for the year ended 31 March 2021

Land and Fixtures,
6. Tangible fixed assets buildings _ fittings and
freehold equipment Total
£ £ £
Cost
At1 April 2020 and
At31March 2021		 30,789 8,622 39,411
Net book values
At 31 March 2021 30,789 8,622 39,411
At 31 March 2020 30,789 8,622 39,411
National
Association of Charnico
Almshouses Common
7. Fixed asset investments Common Investment Investment
Fund Fund Total
£ £ £
Cost
At 1 April 2020 and
At31March2021 10,572 32,073 42,645

The market value of the National Association of Almshouses Common Investment Fund as at 31st March 2021 is £15,311.28.

The market value of the Charnico Common Investment Fund as at 31st March 2021 is £71,340.56. This covers the Extraordinary Repair Fund and is redeemable only for specific purpose of extraordinary repairs.

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The Strange and Amory Almshouse Charity Charity Number 204538

.

Notes to financial statements

for the year ended 31 March 2021

aee eS

8. Creditors: amounts falling due
aftermorethan oneyear 2021 2020
£ £
Bank loan 13,110 16,513
Loans
Repayable in oneyearor less 3,403 3,253
Repayable between one and two years 3,403 3,252
Repayable between two and five years 6,303 9,757
Repayable in five years ormore ~ 251
13,110 16,513

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