HARLEY'S ALMSHOUSES FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 HARLEY'S ALMSHOUSES INDEX TO THE FIIYANCIAL STATEMENTS for tbe year ending 31 December 2022 Page Trnslees Report Independent Examiners Report Receipts and Payments Account BalaDce Sheet Note to the Financial Statements HARLEY'S ALMSHOUSES TRUSTEES, REPORT ror the year ending 31 December 2022 STRUCTURE, GOVF.RNANCE AND LIIANAGEMEiYr Harley's Almshouses is a charitsble trusl Constituted by ¢ndowments made by Miss Ft7nc£s Harl¢y in 1832 and 1836 and regulatcd by a Charity Commission scheme approved on 17 July 1972 and subsequently amended on I l February 1976 and 5 July 1979. TRUSTFFS Trustees: Mr Mi¢ha¢l Rylands Dr Petsr Ford- resigned 28 April 2022 Mrs Carol Jones Rev Richard Williams Mrs Pat Hope Mrs June Pugh Mrs Jackie GriffIths Mr Philip Thomas- appointed 7 July 2022 Mr Adrian Newton- apth)int¢d 20 October 2022 Prineipal O￿l¢e. 3 Belmont Road Hay-on-wye H¢Teford HR3 5DA Accountants WJJames&Co Chartered Accountants Bishop House 10 Wheat Streei Brecon Powys Bankers Natwcst Bank PLC 27 The High Street Brccon Charity number 2l3729 O]IJECTS OF CHARITY 'rhe Charity's purpose is to provide accommodation for p(x)r women. not less than sixty years of age. who have ptEviously resided for at least three years in Hay on Wy¢ or the surrounding distri¢L The Charity provides and maintain5 in a good stste of repair and decoralion of the Almshouse a￿0MmOdation for a maximum of thirteen women, funded by the residents, weekly maintenance contributions and by invested fi]nds. The Charity achieves its principal objects and purp05e5 through the ¢ontinued support of the Almshouses. These benefils are directly related to the Charity's aims and are fully compliant with Charity Commission guidance. ACTtVlTIES AND ACHtEVEMENTS The Trustees continued to provide and maintain accommodation for re5id¢nts during the reporting period. IIARLEY'S ALMSHOUSES TRUSTEES, REPORT (continued) for the year ending 31 December 2022 PUBLIC BENEFIT In plgnning the Charities activities for Ihe 2022 year we kept in mind the Charity Commission's guidance on public b¢n¢fil at our regular trustees, meetings (ex¢cutiv¢ committee). TRUSTEE POLICY Harley's Almshouscs stru¢ture allows for up to eighi Trustees. They are assisted in the day to day management of the Charity by a Clerk. Routinely, not less than a minimum of five fornial Trustee meetings are hcld each year, one of which is an AGM. Additional meetings are held as necessary. Polential Tnjstees, with the exception of an ex officio Trustee appoint￿ by The Church in WAle5, are identified through recommendation by exisling Tn￿teeS invited to apply. New Ttustees are appointed following discussion of the applications at meetings of Trustees and by the majoriry vote of all Truste¢s. The Charity h&s a comprehensive Trustse Induction wlicy which irtclude$ A tour of the Almshouses in the company of the Chair, or 8nother Trustee, and the Clerk. STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees are responsible for preparing th¢ Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accountin8 Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wal¢s requires the trustees to prepare financial ststcments for each f￿anCIal year which give a true and fair vi¢w of the state of affairs of the charity and of the incoming resourees and appli¢&tion of resources of the charity for that period. In preparing these financial statements, th¢ ttwsl¢es are required to.. s¢lxl suitable accounting ]x)licies and ttpply them consisteEktly' observe the methods and prin¢ipl¢s in thc Charities SORP 2019. make judgetnents and estimates that are reasonable and prudenL slal¢ whether applicable accounling standards have been followed. subject to any material departures dI￿10S¢d and explained in the financial stat¢mellts' prepare the financial statements on the going concern basis unless it is inappropriats to presume that the charity will eontinuc in operation. Th¢ Irust¢es are responsible for keeping accounling records that discl(J%e with reasonablc accuracy at any time the financial position of the charity and enabl¢ them to cnsure that the financial statements comply with the Charities Act 2011, the Charity {A¢¢ounts Reports) Regulations 2008 and the provisions of the Irust d¢ed. They are ulso responsible for safegllarding the asset5 of the charity and hence for taking reasonable steps for the prcvention and d¢tection of fraud and other irregularities. Signed on behalf of the Trnstees HARLEYS ALMSHOUSES INDEPENDENT EXAMINERS REPORT to the Trnslees of Harley's Alm8houses l report to the chan.ty trustees on my examination of the accounts. of the charity for th¢ yw ended 31 D¢¢ember 2022 which are set out on pages 4 and 5. Responsibiliti￿ and basis of re￿Irt As the charity's trustees you are responsible for the preparation of the accounts in accordance with ihe requirements of the Charities Act 2011 {'the Act,). I report in respect of my examination of the charity's acLounts carried out under section 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(5)(b) of the Act. Illdependent examiner's statement I have compl¢ted my ¢xaminalion. l Confirni that no material matters hav¢ come to my attention in connection with the examination giving me cause lo believe that in any material r¢sp¢ct: a￿OUntIng records were not kept in respecl of the charity as Tequircd by seclion 130 of the Act; or the accounts do not accord with those records. or 3. the a¢¢ounts do not comply with the applicable rcquirements concerning the forni and contsnt of the accounts set out in the Charilies (ALLounts and Reportg) Regulations 2008 other than any requirement thal the accounts give a 'true and view, which is not a matter considered as part of an inde￿ndent examination. I have no concerns and have come across other matters in connection with the examination to which attention should be drawn in ihis report in order to cnablc a proper und¢rstanding of the accounts to reached. 1215(XLLTh K R Saundets-jones Bsc, FC WJJames&Co Chartered Accountant l O Wheat Street Brecon Dale- HARLEY'S ALMSHOUSES REC'EIIryS AND PAYMFwfs ACCOUNT for the year ending 3A December 2022 Unreslricted 31 Dec 2022 Funds Total 31 Dec 2021 Total Note COME Rent receivable Interest receivable 24,873 804 24,873 804 27,039 758 TOTAL INCOME 25,677 27,797 Water Gas Insurance Alarn) system Repairs and maintenance Li¢¢nces Accountancy fees Sundry 3,344 6.094 1.638 1,190 8.389 485 660 65 3,344 6.094 1.638 1.190 8.389 485 4.419 6,306 1.501 iJ84 10,145 246 660 362 65 TOTAL EXPENDITURE 21￿65 21.865 25.024 Gains/(loss) in investments (57) (57) 10.512 NET MOVEMENT lly FUNDS 3,75S 3,755 13285 Reconcillation of funds: Total fund balances brought forward at l January 2022 12S,930 125,930 112.645 Total fund balances carried forward at 31 December 2022 129,685 129.685 125.930 HARLEY'S ALMSHOUSES BALAY4CE SHEET as at31 Deeembtr 2022 2022 2021 Note F]XED ASSETS Investments 95.697 95,759 CURRENT ASSETS Bank accounls 35.968 31,491 35.968 31,491 CREDITORS: Amounts falling due within on¢ y (1,980) (lJ20) NFT CURRENT ASSETS 33.988 30,171 129,685 125,930 FUNDS Unrestricted fijnds 129,685 125,930 Approved by the Trustees on . and signed on their behalf by HARLFY'S. ALMSHOUSES IYOTES TO THE FINANCIAL STATEMENTS ror the year ended 31 December 2022 INVESTMENTS 2022 2021 M&(i Charity Multi Asset 95.697 95,759 95.697 95,759 Movement in fixed gss¢t investmen18 2022 2021 Markct value brought fonvard Net gainl(loss) on revaluation 95,759 (62) 85.320 10,439 95.697 95,759 All invesknenls are ca￿led at their markct value. Ass¢t sale5 and purchases are recognized at the date of trade at their transaction value. 2. CASH BALANCES 2022 2021 Natwest Bank NS & I- Colin Hill Memorial Fund NS & I - Cyclical Matntenance Fund 31,123 1,987 2,858 26,651 1.985 2,855 35,968 31,491 3. CREDITORS: AMOUNTS FALLING DUE wfTHIN ONE YEAR 2022 2021 Accrued eX￿nseS 1,980 1,320 HARLEY'S ALMSHOUSES NOTES TO THE FINANCIAL STATEMEwfs (Contlnued) for the year ellded 31 December 2022 BalaDte brought forward a5#t Balance carried rorward *Sat Inve8tmeJ)t 31 D¢ gainsJ{loss) 2022 2022 Receipts Payments General Fund 25,331 Cyclical Maintenance Fund 2,855 Memorial Fund 1,985 Extraordinary R¢pair Fund 95,759 25,677 21.865 29.143 2.858 1,987 {62) 95,697 125,930 25.677 21.865 57 129,685 5.TRUSTEES' REMUNERATION AND EXPENSES No remuneration directly or indlrectly out of thc funds of the charity w&s paid or payable to any trustee or to any person or persons known to b¢ connected wilh any of them. 6. RELATED PARTY TRANSACTIONS There were no related paty transaclion8 in the year thai require disclosure in these financial stntcments.