|Trustees|Mrs. E. Nelson-Walker (Chair)|
|---|---|
||Mr. R. B. Frost (Treasurer)|
||Mr. P. Mould (Deputy Chair)|
||Rev. T. Rindl|
||Mr. N. H. Tyrwhitt|
||Cllr. M. Devonish|
||Mrs. F. Evans|
||Dr. N. Ineson|
||Mr. M. Tunstall|
|Charity number|207042|
|Registered office|19TheAlmshouses|
||St Mary's Close|
||Watford|
||Hertfordshire|
||WD18 0EQ|
|Independent examiner|Gary Howard FCA|
||Howard Wilson Chartered Accountants|
||36 Crown Rise|
||Watford|
||Hertfordshire|
||WD25 ONE|
|Bankers|National Westminster Bank pic|
||72/74 High Street|
||Watford|
||Hertfordshire|
||WD17 2GZ|
|Investment advisors|The M&G Group|
||M&G House|
||Victoria Road|
||Chelmsford|
||Essex|
||CM11FB|
||CCLA Investment Management Ltd|
||80 Cheapside|
||London|
||EC27 6DZ|






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|||Unrestricted|Total|
|---|---|---|---|
|||funds||
|||2022|2021|
||Notes|||
|Income from:||||
|Donations and legacies|3|297|450|
|Charitable activities|4|61,089|61,425|
|Investments|5|8,787|8,007|
|Total income||70,173|69,882|
|Expenditure on:||||
|Charitable activities||55,332|55,153|
|Total expenditure||55,332|55,153|
|Net income/(expenditure) before gains/(losses) on investments||14,84114,729||
|Net gains/(losses) on investments9||(3,020)|75,230|
|Net income for the year||11,821|89,959|
|Other recognised gains and losses||||
|Revaluation of tangible fixed assets||295,396|392,842|
|Net movement in funds||307,217|482,801|
|Fund balances at 1January 2022||3,510,688|3,027,887|
|Fund balances at 31December 2022||3,817,905|3,510,6^8 >*>|






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|||2022|2021||
|---|---|---|---|---|
||Notes||||
|Fixed assets|||||
|Tangible assets|11|3,005,208||2,709,812|
|Investments|12|707,437||710,457|
|||3,712,645||3,420,269|
|Current assets|||||
|Cash at bank and in hand||106,160|91,259||
|Creditors: amounts falling due within|||||
|one year|13|(900)|(840)||
|Net current assets||105,260||90,419|
|Total assets less current liabilities||3,817,905||3,510,688|
|Income funds|||||
|Unrestricted funds|||||
|Designated funds|14|3,712,618|3,420,269||
|General unrestricted funds||105,287|90,419||
|||3,817,905||3,510,688|
|||3,817,905||3,510,688|
|The financial statements were approved by the Trustees||on 15 August 2023|||
|Trustee|||||






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||AlmshouseAlmshouse|AlmshouseAlmshouse|
|---|---|---|
||incomeincome||
||20222021||
|Contribution from residents61,08961,425|||
|Investments|||
||Unrestricted|Unrestricted|
||funds|funds|
||2022|2021|
|Investment income|8,488|8,003|
|Interest receivable|299|4|
||8,787|8,007|







||2022|2021|
|---|---|---|
|Staff costs|8,280|8,890|
|Light and heat|6,626|6,395|
|Water services|1,481|1,805|
|Council tax|2,255|1,357|
|Insurance|1,805|1,694|
|Repairs and maintenance (see analysis below)|24,313|32,074|
|Postage and stationery|56|120|
|Computer costs|3,104|169|
|Telephone, TV and internet|1,459|719|
|Sundry expenses|1,755|769|
|Legal and professional costs|35|35|
|Subscriptions|293|286|
|Health & safety costs|2,970|-|
|Governance costs|900|840|
||55,332|55,153|
|Analysis of Repairs and Maintenance|||
||2022|2021|
|Electrical repairs|2,436|1,600|
|Plumbing and heating|7,399|1,550|
|Water testing|2,141|1,507|
|Pest control|40|3,979|
|Properties refurbishment|4,325|9,182|
|Window cleaning|1,028|855|
|Exterior repairs|3,400|9,607|
|Heat loss surveys|1,300|-|
|Window/gutter/sundry repairs|510|1,338|
|Gardening|1,350|1,736|
|Fire and safety costs|384|720|
||24,313|32,074|



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|Number of employees|||
|---|---|---|
|The average monthly number of employees during the year was:|||
||2022|2021|
||Number|Number|
|Charitable activities|2|2|
|Employment costs|2022|2021|
|Wages and salaries|8,280|8,890|
|There were no employees whose annual remuneration was 60,000 or more.|||



|||Unrestricted Unrestricted|Unrestricted Unrestricted|
|---|---|---|---|
|||fundsfunds||
|||2022|2021|
||Revaluation of investments|(3,020)|75,230|
|10|Taxation|||
||The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section|||
||252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.|||
|11|Tangible fixed assets|||
|||Freehold land and buildings||
||Cost or valuation|||
||At 1 January 2022||2,709,812|
||Revaluation||295,396|
||At 31 December 2022||3,005,208|
||Carrying amount|||
||At 31 December 2022||3,005,208|
||At 31 December 2021||2,709,812|






|11|Tangible fixed assets||(Continued)|
|---|---|---|---|
||The carrying value of land included in land and buildings comprises:|||
|||2022|2021|
||Freehold|3,005,181|2,709,812|



||||Listed|
|---|---|---|---|
||||investments|
||Cost or valuation|||
||At 1January 2022||710,457|
||Valuation changes||(3,020)|
||At 31 December 2022||707,437|
||Carrying amount|||
||At 31 December 2022||707,437|
||At 31 December 2021||710,457|
|||2022|2021|
||Investments at fair value comprise:|||
||M&G Charity Multi Asset Funds - 4,317 Accumulation Shares|493,280|489,412|
||M&G Charity Multi Asset Funds - 216,518 Income Shares|214,157|221,045|
|||707,437|710,457|
||Fixed asset investments revalued|||
||The historic cost of listed investments included above is 220,000 (2021: 220,000).|||
|13|Creditors: amounts falling due within one year|||



||2022|2021|
|---|---|---|
|Accruals and deferred income|900|840|






## 

||Balance at|Revaluations,|Balance atRevaluations,Balance at|
|---|---|---|---|
||1 January 2021|gains and1|January 2022gains and31December|
|||losseslosses2022||
|Fixed Asset Fund|2,316,970|392,842|3,005,181<br>295,369<br>2,709,812|
|Emergency Repair Fund|101,201|-|101,201<br>-<br>101,201|
|Common Maintenance Fund|118,799|-|118,799<br>-<br>118,799|
|Investments - Revaluation Reserve|415,227|75,230|487,437<br>(3,020)<br>490,457|
||2,952,197|468,072|3,420,269   292,349   3,712,618|



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