HARLEYgS ALMSHOUSES FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 HARLEY'S ALMSHOUSES INDEX TO THE FINANCIAL STATEMENTS for the year ending 31 December 2021 Page Trnstees Report Independent Examiner8 R¢port Receipts and Pgyments AceDunt Balance Sheet Note to the Financial Statsments HARLEY'S ALMSHOUSES TRUSTEES, REPORT for the year ending 31 Deeember 2021 STRUCTURE, GOVERNANCE AND MANAGEMENT Harley's Almshouses is a charitable trust ￿nStItuted by endowments made by Miss Frances Harley in 1832 and 1836 and regulated by a Charity Commission ￿heme approved on I V July 1972 and subsequentty amended on I l February 1976 and 5 July 1979. TRUSTEES Trnsteu: Mr Michael Rylan¢lq Dr Peter Ford Mrs Carol Jones Rev Richard Williams Mrs Pat Hope Mrs June Pugh Mrs J&ckie Griffith5 Principal oifice: 3 Belmont Road Hay-on-wye Hereford HR3 5DA A¢countAnts WJJames&Co Chartcred Accountants Bishop House l O Wheat Street Brecon Powys Banke Nalw¢sl Bank PLC 27 The High Street Brccon Charity number 213729 OBJECTS OF CHARITY The Charity""s purpose is to provide accommodation for pwr women, not less than sixty year5 of age, who have previously resided for at least three years in Hay on Wyc or the surrounding district. The Charity provides And maintains in a g(K)d stste of repair and decoration of the Almshouse aceommodation for a maximum of thirteen women, ￿nded by the residents. weekly maintsnance contributions and by invested funds. The Charity &chieves its principal objects and purposes through the continued support of the Almshouscs. These benefils are directly relatcd to the Charity's aims and are fully compliant with Charity Commission guidgnce. ACTIVITIES AND ACHIEVEMENTS The Trllstees ¢ontinu¢d to provide and maintain accommodation for residents during the reporting pertod. HARLEY'S ALMSHOUSES TRUSTEES, REPORT {conlinued) foT the year endiDg 31 Dettmber 2021 PUBLIC BENEFIT In planning the Ch8rities activities for the 2021 ye8r we kept in mind the Charity Commission's guidance on public benefit at our regular trustees, meetings (executive comtnit¢¢e). TRUSTEE POLICY Harley's Almshouses structure allows for up to eight Trustees. They are assisted in the day to day manag¢menl of the Charity by a Clerk. Routinely. not less thgn a minimum of five fomlal Truste¢ meetings are held ea¢h year, one of which is an AGM. Additional meetings are held as necessary. Potential Trustees, with the exception of an ex oifi¢io Trnste¢ appointed by The Church in Wales, are identified through recommendation by existing Trusts¢s invited to apply. New Trustees are apw)inted following discussion of the applications at meetftngs of Trustees and by the majority vote of all Trustees. The Charity has a comprehensive Trustee Induction policy which includes a tour of the Almshouses in the Company of the Chair. or another Trnstee. and the Clerk. STATEMENT OF TRUSTFES, RESPONSIBILITIES The trustees are responsible for preparing th¢ Trustees, Report and the financial statements in accordance with applicable law And United Kingdom Accounting Standards (Uniled Kingdom Generally A￿epted Accounting Pra¢ti¢e). The law applicable to ¢haritics in England and Waleq requi￿8 the trustees lo prepare financial ststements for each financial year which give a true and fair view of the state uf affairs of the charty and of the incoming r¢sourc¢s and applioation of resour¢¢s of th¢ charity for that peri￿. In pr¢paring these financial statemenL8, the trustees are required to: select suitable accounting policies and apply them consistently; observe the methods and principles in th¢ Chariti¢s SORP 2019- make judgements and estimates that are reasonable and prudenL State whether applicable accounting standards have been followed subject to any material departures disclosed and explained in the finan¢ial stslements. prepare the financial stst¢menls on the going concern basis unless it is inappropriate to presume that the charity will continu¢ in operation. The ttustees are responsible for keeping accounting records that disclose with reasonable accurdcy at any time the financial position of the charity and enable them to ensure that the financial stat¢menls ¢omply with the Charities Aci 2011, the Charity (Accounts R¢ports) Rcgulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of frdud and other irregularities. Signed on behalf of the Trustees HARLEYS ALMSHOUSES INDEPEIYDENI. EXAMINERS REPORT ¢0 Ihe Truste￿ of Harley's Almshou I report lo the charity trust¢es on my examtnalion of the accounts of the charity for ihe year ended 31 December 2021 which are set out on pages 4 and 5. Responsibilities and bA8ly ofrewbrt A5 the charity'5 trustees you are reswjnsible for the pr¢paration of the accounts in accordance with the r¢quirem¢nts of the Charities Act 2011 ('the Act.). I report in tEspect of my examination of the charity's a￿OuntS ctirried out under 5￿tIOn 145 of the Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5Xb) of the Act. Indepeudent examiner's statement I have completed my examination. I confirni that no material matters hav¢ come to my attention in conne¢tion with the examination giving me cause to b¢lieve that in any material ￿sPect= accounting r¢cords were not kept in respect of the charity as Tequired by section 130 of the Act" or 2. the accounts do not a￿0￿1 with those r¢cords' or 3. the ac¢ounts do not comply with the applicabl¢ requiremcnts concerning the forni and content of th¢ accounts s¢1 out in the Charities (Ac¢ounts and R¢ports) Regulations 2008 other than any requirement that the accounts give a 'tru¢ and view. which is not a matter considered as part of an inde￿ndent examination. I have no concerns and have cume across no other matters in Connection with th¢ examination to which attention should be drawn in this report in order to erLable a proper UllderstAnding of the accounts to be reached. K R S&unde￿-jOne.q B . WJJames&Co Chartered A￿ountan1 10 Wheat Street Brecon .'CA Dale: HARLEY'S ALMSHOUSF.S RECEIPTS AND PAYMENTS Accouwr for the year endillg 31 December 2021 Unrestrieted 31 Dec 2021 Funds Total 31 De¢ 2020 Total Note COME Rent receivable Interest receivable 27,039 758 27,039 758 29.565 804 TOTAL INCOME 27.797 27,797 30J70 EXPENDITURE Water G8S Insurance Alarni system Repairs and maint¢nance Ac¢ountsncy fees Licences Sundry 4,419 6,306 i.soi 1,384 10,145 660 246 362 4,419 6.306 1,501 1.384 10,145 660 246 362 2.551 5,989 1,454 1.132 7,601 660 30 TOTAL EXPEIYDITURE 25.024 25,024 19,417 Gain￿(105$) in investmcnts 10,512 10,512 {3.724) I¥ET MOVEMENT IN FUNDS 13,285 13285 7229 Recollclllation of funds: Total fund balances brought forward at l January 2021 112.645 112,645 J05,416 Total thnd b&lancc5 carried forward at 31 December 2021 125,930 125,930 112,645 HARLEY'S ALMSHOUSES BALANCE SHEW.T 48 at 31 December 2021 2021 2020 Note FIXED ASSETS Investments 95.759 85,320 CURRENT ASSETS Bank accounts 31,491 27,985 31,491 27,985 CREDITORS.. Amounts falling due within one year (1.320) (660) NET CURREiYf ASSETS 30.171 27.325 125,930 112.645 FUNDS Unrestricted funds 125,930 112.645 Approved by the Truste¢s on ... and signed on their behalf by HARLEVS ALMSHOUSES NOTES TO THE FtNANCIAL STATEMENrs ror the year ended 31 December 2021 INVESTMENTS 2(Ul 2020 M&G Charity Multi Asset 95,759 85.320 95,759 85,320 Movement in fixed ￿Set investmettts 2021 2020 Market value brought fonvard Nel gainl(loss) on revaluation 85,320 10.439 89,044 (3.724) 95,759 85,320 All investments are carried at their market value. Asset sales and purchases are r¢cognized at th date of trade at their traD5action value. 2. CASH BALANCES 2021 2020 Natwest Bank NS & I- Colin Hill Memorial fund NS & l - Cyclical Maintenance Fund 26,651 1,985 2.855 23,218 1,955 2,812 31,491 27.985 3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 Accrued expenses 1,320 HARLEY'S ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS (CoDtlllued) for the year eoded 31 Detember 2021 FUNDS B*lanee brought fornard asa¢ lJan 2021 Balance carried forward Investment 31 Dec gains/Oos$) Receipts Pgyments 2021 General Fund 22.558 Cyclical Maintenance Fund 2,812 emorial Fund 1.955 Extraordinary Repair fund 85.)20 27,797 25,024 25,331 43 2.855 30 1,985 10,439 95,759 112.645 27.797 25,024 10.512 125,930 S,TRUSTEES' REf*lUNERATION AND EXPENSES No remuneration directly or indirectly out of the funds of the charity w&8 paid or payable to any trustee or to any person or persons known to be connected with any of them. 6. RELATED PARTY TRAIYSACTIONS There were no r¢lat¢d party trdDsa¢tions in the year that require disclosure in these financial stalements.