PRESTBURY MEMORIAL TRUST CHAIRMAN’S REPORT JANUARY TO DECEMBER 2022
This year we have seen a steady increase in all areas of the Trust. We have new members joining activities, including sit and fit and shopping, we have also sadly lost some long-standing members. Our numbers remain consistent with previous years.
The minibus has continued to cause great frustration with mechanical issues and we launched an appeal in December to raise funds for an eventual replacement.
Activities have steadily increased with the sit & fit group now having 20+ regular members. We did minibus outings to Evesham Country Park, Highfield Garden Centre, Dobbies (Cirencester) etc, all of which were well attended and enjoyed by all. We did the Christmas lights and fish & chip supper outing which, as before, proved very popular.
All in all, our post Covid-19 recovery is moving forward in a positive direction, and I am confident this will continue.
The Friendship group made 61 visits this year, this continues to be a much appreciated service.
We have been able to enjoy a full calendar of quiz events, coffee mornings and afternoon teas with a total of £3,836.82 raised towards Trust funds
5 quiz evenings were held during the winter months and raised just over £1800
The 100 Club continues to operate with a membership of about 80 .
Both house at 10 and 10a Deep Street were occupied for 2022 by Jenny, our Warden, and our tenants Jack and Chantal. This generated an income of £7,800.
In December, Jack and Chantal informed us they would be leaving at the end of January 2023 and the new tenants, Liam and Lauren, moved in in February 2023. There was £4,418 spent maintaining both houses.
The monthly Lunch Club has operated throughout the last 12 months using the Prestbury WI Hall and attendance is on average 30 with 65 on the invitation list.
The Lunch Club average attendance has been just over 30, and the current invitation list now has 55.
The Christmas Party had 65 attending.
My thanks to the warden, to the committee for all their help and to all the volunteers without whom we would not be able to function.
Gloria Gmys Chairman
PRESTBURY MEMORIAL TRUST BALANCE SHEET AS AT 31 DECEMBER 2022
| 2021 | |||
|---|---|---|---|
| £ | CASH AT BANK | £ | |
| 4289.96 | MAIN A/C | 1625.56 | |
| 18070.07 | RESERVE A/C | 16231.89 | |
| FRIENDSHIP A/C | 2503.63 | ||
| 22360.03 | 20361.08 | 20361.08 | |
| 114.43 | BALANCE AT BROKERS | 114.43 | |
| PROPERTY | |||
| 25031.82 | 10 and 10a Deep Street at cost | 25031.82 | |
| INVESTMENTS AT COST | |||
| 19895.29 | City Merchants High Yield Trust | 19895.29 | |
| 2342.57 | Jupiter Global Tech Fund | 2342.57 | |
| 11982.95 | 7.325% Standard Chartered | 11982.95 | |
| 17600.00 | New Star Fixed Interest | 17600.00 | |
| 16442.75 | Bristol & West 8.125% Pref | 16442.75 | |
| 8399.99 | Coop Bank 9.25% Pref | 8399.99 | |
| 11996.24 | CQS New City High Yield | 11996.24 | |
| 7001.37 | Merchants Trust ord 25p | 7001.37 | |
| 6949.14 | Dunedin Income Growth Trust ord 25p | 6949.14 | |
| 102610.30 | 102610.30 | 102610.30 | |
| 150116.58 | 148117.63 | ||
| 148831.02 | Balance brought forward from 31 December 2021 | 150116.58 | |
| 487.49 | Excess /deficit of income over expenditure | -368.21 | |
| 1.88 | Interest on Reserve Fund | 61.82 | |
| Interest on Friendship a/c | 8.68 | ||
| Dividends on friendship a/c | 243.76 | ||
| Charge on Friendship a/c | -45.00 | ||
| 796.19 | Cash movements | -1900.00 | |
| 150116.58 | 148117.63 |
INDEPENDENT EXAMINER'S REPORT TO THE PRESTBURY MEMORIAL TRUST This report on the accounts of the Prestbury Memorial Trust is in respect of an examination carried out in accordance with Section 43 of the Charities Act 1993 of the year ended 31 st December 2022. Res ective res onsibilities of the Trustees and Examiner As Trustees you are responsible for the preparation of the accounts. you consider that the audit requirement of Section 43(2) of the Charities Act 1993 does not apply. It is my responsibility to issue this report on those accounts in accordance with regulation 7 of the Charities (Accounts and Reports) Regulations 1995. Basis of Inde endent Examiner's re ort My examination was carried out in accordance with the General Directions given by the Charity Commission under section 43(7)(b) of the Charities Act 1993. The examination included a review of the accounting records maintained by the Trustees and a comparison of the accounts 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 do not provide all the evidence that would be required in an audit, and consequently, I do not express an audit opinion on the view given by the accounts. Inde endent Examiner's statement In connection with my exam ination, no matter has come to my attention: which gives me reasonable cause to believe that in any material respect the requirements *to keep accounting records in accordance with section 41 of the Charities Act 1993; and to prepare accounts which accord with the accounting records have not been met. 2. to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reach¢d. 261_ZèL7 Deryk Pavey- 28 Whaddot? F¥0 Cheltenha GL52 SNA 2023