REGISTERED CHARITY NUMBER: 213155 REPORT OF THE TRUSTEES AND UNAVDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 315T DECEMBER 2023 FOR RUABON ALMSHOUSE CHARITY Guy Walmsley Limited Chartered Accountants & Registered Auditors 3 Grove Road Wrexham LLII IDY
RUABON ALMSHOUSE CHARITY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 PAGE Report of the trustees Report of the Independent Examlnatlon Recelpls and Payments Account Statement of Assets and Llabllltles
RUABON ALMSHOUSE CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 315T DECEMBER 2023 REFERENCE AND ADMINISTIIATIVE DETAILS Re8lstered Charlty Number 213155 Re8lstered Houslng A550clatlon A024 Prlnclpal Address Mr R Berwyn Thomas Clerk to the Trustees 118 Ponl Adam Crescent Ruabon Wrexham LL14 6EF Trustees Reverend Kate Tiltman Mrs lean A Speare Mrs Julie Mackreth Mrs Susan Hallard Mrs loan M Lowe Mrs Sonia Tyger Benbow-jones Mr Robert Mlchael jackson Chairpersgn Independent Exgmlner Guy Walmsley Limlted Chartered Accountants 3 Grove Road Wremham LLII IDY Pagè I
RUABON AIMSHOUSE CHARITY REPORTOFTHE TRUSTEES FOR THE YEAR ENDED315T DECEMBER 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Governln8 Document The charity is controlled by it's Trvstee deed which was sealed on the 18th March 1975 and constitutes an Unincorporated Charity. Or8anl$atlonal Sirutture The board of frustees comprises 7 Trustees, 3 ex-offlclo trustees (the Vicar and Churchwardens for the parish) and 4 Nominatlve Trustees, who each serve a period of 4 years. Each Nominative Trustee is nomlnated by the Communlty Counci15 of Cefn Mawr, Penycae, Rhosllanerchrugog and Ruabon. The Trustees hold 4 ordinary meeting5 per annum with any additional special meeting5 as requiTed. Recfultment and appolntment of n*v4 trustees The indlvidual community councils nominate new Trustee appointments and re-appolntments to the board as and when periods of service have come to an end. Inductlon and tralnlrt8 of new tNstee5 New Trustees are given Charity CommissSon 8uidance on Trustèe duties and responslblllties when commenclng thelr Trustee roles. Rlsk Mana8ement The Trystees have a duty to Identify and revlew the risks to which the charlty is exposed and to ensure approprlate controls are In place to provlde reasonable assurance against fraud and error. OBJECTIVES AND ACTIVITES Oblectlves & Artlvltles The maln purpose ol the Charltv 15 to provlde low Cost houslng for low Income people and lamilles. The alms people shall be persons In need who are resident in the area of benefit at the time of appoSntmÈnt. The area of benefit are the communities of Cefn Mawr, Pen Y Cae, Rh0511anerchrugo8 and Ruabon. ACHIEVEMENT AND PERFORMANCE During 2023 the Trustees held 2 meetings and received I report, Elght further meetirsgs were held to discuss the pro6re55 on the refurblshment ol Nos 1-5 Church Houses, Grade 2 properties wlthln the Ruabon Conservation area which began that year. One vacancy remain5, for a Communlty Trustee, that became available durin8 2023. The prLipÈrties have had eMten5ive exterior refurblshment includln8 new timber window frames to house refurbished cast iron inserts, lead IlashlnB, replacement of the front doors to comply with conseryatlon policylbest practice and new plcket 8ates to the boundary. A high speclflcatbon for the paint and render to the external wa115 was approved in conver5atlon wlth the Conservatlon officer. The Charity Is keen to invest In the propertie5 to preserve and protect thelr historlc character and to ensure they Continue to serve as pleasant and comfortable homes. The Trustees would Ilke to thank Wrexham Councll's Paul Martln as part of its House Proud Scheme. The scheme helps property owner5 manage repairs and renovations. and provides safeguards so they know work will be carried out safely and to a high standard. One property became vacant during June 2023. Thls property received a complete interlor refurblshment includlng new kitchen, flooring and paint. A new resident was appoirited by the Trustees and moved in in December 2023. Page 2
RUABON ALMSHOUSE CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023 FINANCIAL REVIEW Prlnc5pal Fundlng Sources The principal funding sources for the chafity are the rnaintenance contributions paid by residents. Fundlng Is a150 received from investments in the Nation31 A550clation of Alm5house5, the Charltles Official Investment Fund and the Charities Official Investment Fund Cyclical. Investment Poll¢y and Objertlves Ruabon Almshouse governln8 document authorises the investment of monies not immediately requlied for its purpose in or upon such investments as may be thought fit, subject nevertheless to such conditlons, If any, as may for the time being be imposed by the trustees or required by law. The declsion to invest in easy access and lon8er term funds wa5 taken by Trustees to mitigate the risk assocSated with investinB solely in one fund whllst ensurln8 the best return on Investment for the charlty. Investment policies are kept under revlew by ihe Trustees. Reserves Pollcv The Charity scheme state5 that the Trustees 'shall establlsh and malntain a reserve fund, lo be entitled Extraordlnary Repalr Fund, Transfers of not less than £210 are made to the fund annually, whlch Is the amount Inve51ed In to NAACIF. A mlnimum of 6 months malntenance contributions should be held to cover ordlnary annual malnlenance costs. Approved by order of the board of Trustees on and slBned on Its behalf by.. Reverend Kate Tlltmbn - Chalrperson Mr Richard Berwyn Thomas Page Y
INDEPENDENT EXAMINER'S REPORTTO THETRUSTEES OF RUABON ALMSHOUSE CHARITY Independent examiner's report to the trustees of Ruabon Almshouse Charity I report to the charity trustees on my examination of the accounts of Ruabon Almshouse Charity for the year ended 31st Oecember 2023. Re5pon55bllltle5 and bas15 of report As the charity's trustees of Ruabon Almshouse Charity you are responsible for the preparatlon of the account5 In accordance with the requirements of the Charities Act 2011 (the Actl I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examlnatlon I have followed all appllcable Dbreclions given by the Charity Commi55ion under sectlon 1451Sllbl of the Act. Independent examlner's statement I have completed my examination. I confirm that no materlal matters have come to my attentlon In connectlon wlth the examination givlng me CaLtse to believe that in any materlal respect.. Accountin8 records were not kept In respect of the Trusl as requlred by sectlon 130 of the Act,. or the accounts do not accord with those records,. or the accounts do not comply with the applicable requlrements concernlng the form and content of accounts set out in the Charitles l Accounts and Reports) Regulatlons 2008 other than anv requirement that the account5 glve a true and fair view which is not a matter consldered a5 part of n independent examination. I have no concerns and have come acioss no other matter5 In connectlon with the examination lo which attention Should be drawn In thls report In order to enable a proper understanding of the accounts to be reached. Simon Grifflths (Senlor statutory auditorl for and on behalf of Guy Walmsley Limlted Chartered Accountanls & Re815tered Auditors 3 Grove Road Wrexham LLII IDY Date.. Page 4
ABON NLklS House CHARITY CHARITY NUMBER 213155 RECEIPTS AND PAYMENTS ACCOUNT THE YEAR END JIST OECEMBER 2 Uwestwlrted Re5trkte Funds Ed0ment 2029TOtal 2012 fot41 nd5 RECEIPTS Malnténance contrll)urions Divklends received Inrere51 reteived 28.98Q 588 593 18,980 588 593 27,902 586 IL2 SUBTOTAL 30.161 30,161 Z8.600 ASSETSAND INVESTMENTS SALE5 Dlvldend5 Irorn investments 3.456 3,456 1,013 TOTAL RECEIPTS 33.617 33,617 29,613 PAYMENT5 Ckrk's RernuneTatio Agent Mana8erneni fefrs 2,VO 2,662 2,820 2,662 2,311 1,97B 1,320 3,020 2,116 2,399 ankchar8e5 & Loan Inteie51 1,978 Repalrs & Malntenance Independent Examlnallon Syndry ExpeDses 2,514 2,310 2,514 2,310 9,041 64 240 6,436 684 6.861 Lo•n repavments- P4et 6,861 gJBTOTAL 21.340 22,14D 26,296 ASSETSAND INVESTMEFIV PtIRCHA5ES Property reluibishmeni Olvldends li¢m inve$tmenis relnvesied 59,075 3,456 59,07S 3,41S6 1,013 gJBTQTAL 62,531 TOTAL PAYMENTS 84.671 84,671 27.309 NETOFIiECEIPTS AWD PAYMENTS 51,0S4 TRANSFEAS OETWEEN FiINDS CJSH FUND5 LAST YEAR CASH fU140SASA7 1151 DECEMBER 20ZJ 84,007 32,953 e4,fK77 31,953 81.703 84,C07 P•9
RUABON ALIIS HOUSE CHATy CHARITY NUMBER 213166 STATEPIENTOF AsseTS AND UA&LITies ASAT J1ST DECEMBER 2ts23 C•SH FUNDS fuh Current aECUUnt MDneyMènaÉer account Natlonal 5nB5 Chailtle50fflclal In¥e5trnent Fund 13.326 556 lQ.464 TOTALCAYI FUNDS 32,953 trlci OTHER MONETAflY A55ETS lund Rq(OWfabl• amounts rkne to the Cbarlty PJymertts Mdi In AdvantÈ 1,2CQ INVESTMENT ASSETS Fund•lèAlth PM•pwurll VIlMUo Naiional Assoclatlon olAlmshousesCommun Vniesirlcteo 977.902 11.208.260 IQ9.6 Charlilèsothcial Invostment Fund.IDcorneun5 UThI¢5tilrted 1,079.690 1.984.SOO 21.426 uDi•sirlrt•d 202.3ts) 24.8CQ.030 50.170 JUI,203 202) 2•22 Naw¢nilAikxlauon olAlmshou5es Common icv),r 21.426 102,991 19,623 chwltle501fici41 |nve51ment Fvnd-In¢wn• unlls Ch¥ltips offlclal Inveiim•nt Fwd- Cydlcal Malnten4nce Furnd 50,170 181,203 44.647 L••• vqluquon IoTh¥•Td GW0 Ild•clkn•l In Invg•tm•Tht 13.941 5.983 A58ET8 ETNED FOA CHARMES OWN UgÉ ZJ Iwtlon zoil 24.26833 Cil Y Coed Land at Chuith 36 Wynn5ttyGaiden5 1.SChurch House Iprgperty lrnpro¥ernent51 f4aAI Y fjwalla IprDperiv Impiovementsi Pioprty ImpiovÉments 425,Q)O 200.0 180,WO 555.(KJD 210,0 59.075 14.736 533 1,654,344 88,036 12.014 152,263 77.556 26.518 Unrestrlcted 14.736 533 371.6SS Compuigi equlpmeni unrostriited The Propeikne5'. 1-5 Church HDuses and Nèntv Gwaiia were donated iothe thailly. Thepiopeiiy re¥aluatlon wascairled out by PG Jones. FRIC5. UABIUTIES zozJ 2022 Due withln oneyear Due after oneyeai Agpnt FAunaE?ment lees Independent exarniner's fee5 6037 19.191 6.437 26,052 256 B76 Paw6