HARLEY•S ALMSHOUSES FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 DECEMBER 2023
HARLEY'S ALMSHOUSES INDEX TO THE FINANCIAL STATEmEs for the year ending 31 Deeember 2023 Page Trnstees Report Independent Examiners Rcport Rcceipls and Payments Account Balance Sheet Note to the Finaneial Statements
HARLEY'S ALMSHOUSES TRUSTEES, REPORT for the year ending 31 December 2023 STRUCTURE, GOVERNALYCE AI¥D MANAGEMEY4T Harley's Almshouses is a charitabl¥ trust constituted by endowments madc by Miss Frances Harley in 1832 atkd 1836 and regulated by a Charity Commission scheme approved on 17 July 1972 and subsequently amended on I l February 1976 and 5 July 1979. TRUSTEES Trustees: Mr Michael Rylands Mrs Carol Jone5 Rev Richard Williams Mrs Pat Hope Mrs June Pugh Mrs Jackie Griffiths Mr Philip I'homas Mr Adrian Newton- resigned l O Octolxr 2023 Prineipal office: 3 Bclmoni Road Hay-on-wye Hereford HR3 5DA Aecountsnts WJJames&Co Chartered Accountants Bishop House l O Wheat Street Brecon Powys Bat)kers Natwcsl Bank PLC 27 'Llie High Street Br¢con Charity number 213729 OBJECTS OF CHARITY The Charity's purpos¢ is to provide accommodation for poor women. noi less than sixty y¢ars of age. who have previously resided for at least three years in Hay on Wye or the surrounding district. The Charity providcs and maintsins in a good state of repair and decoration of the Almshous¢ a¢¢onllnodation for a maximum of thirteen women, funded by the residents, Iveekly maintenance contributiong and by invested funds. Th¢ Charity achieves its principal objects and purposes through the continued support of the AlnLshouses. These benefits are directly related to the Charity's aims and are fully compliant with Charity Commission guidance. ACTIVITIES 21ND ACHIEVEMENTS The TTUStees continued to provide and m&intain accommodation for residents during the reporting period.
HARLEY'S ALMSHOUSES TRUSTEES. REPORT (eontinued) for the year ending 31 Deeember 2023 PUBLIC BENEFIT In planning the Charitics activities for the 2023 year we kept in mind th¢ Charity Commission's guidance on public benefit at our re8ular trLlStees' meetings (ex¢culive Lommittee)- TRUSTEE POLICY Harley's Altnshouses structure allows for up to eight Trustees. They are assisted in the day to day management of the Charity by a Clerk. Routinely, not less than a minimum of five fom]al Trustee meetings arc held each year. one of which is an AGM. Additional meetings are held as neCeSry. Potential Trustees, with the exception of an ex officio Truste¢ appointed by The Church in Wales, are identified through recommendation by existing Trustees invited to apply. New Trustecs are appointed following discussion of the applications at meetings of Trustees and by the majority vote of all Tnjstses. The Chwity has a comprehensive Trustee Induction policy which includes a tour of the Almshouses in the company of thc Chair. or another Trustee, and the Clerk. STATEMENT OF TRUSTF.ES' RESPONSIBTLrrIEs The trustees are responsible for pr¢paring the Trustees, R¢port and the financial statements in COrdanCe with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requitEs the trustees to prep? financial slat¢ments for each financial year which give a true and fair view of the state of affairs of the charty and of the incoming resources and application of r¢sourc¢s of the charity for that periixl. In pr¢paring these financial statements, the trustees are required to: select suitable accounting wJlici¢s and apply them consistenily- observe the methS and principles in the Charities SORP 2019. make judgements and estimates that are reasonable and prudent. state whether applieabl¢ coUntIng slandards have been followed. subject to any material departures disclosed and explained in the financial statements. PTepare ihe financial statements on the going ¢on¢ern basis unless it is inappropriate to presume that the charity will continue in operation. The trusteos are responsible for keeping accounting records that disclose with Teasonable accurACy at any time the tinancial wysilion of ihe charity and enable thcm to fflsure that the financial statements comply with the Charities Act 2011. the Charity (Accounts Reports) Regulations 2008 and the provisions of the trust deed. 11Jey are also responsible for saf¢guarding the &ssets of the charity and hence for tsking reasonable steps fur the prevention and detection of fraud atEd other irregularities. Signed on bebalf ofthe Trn$tee8 - /.?.J4
HARLEYS ALMSHOUSES tNDEPENDELYT EXAMINERS REPORT to Ibe Trugtees of Harley's Almshouses I report to the charity trust¢¢s on my examination of the accounts of the charity for the year ended 31 Deccrnber 2023 which are set out on pages 4 and 5. Re¥ponsibilities and basis of report As the charity's truste¢s you &re responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Aet,). I report in Spect of my examination of the charity's accounts Caled out under section 145 of the Act and in carying out my examination I have followed all the applicable dire¢tion5 given by the Charity Commission under section 145(5)(b) of the A¢t. Independeot examiner's 8tatemenl I have completed my examination. l Confirni that no material matter5 have come to my attention in connection with lh¢ examination giving m¢ cause to b¢li¢v¢ that in any material respect: acwunling records were not kept in respect of the charity as requir¢d by section 130 of th¢ Act. or 2. th¢ accounts do not acrd with ihose records,. or 3. Ihe accounts do not comply with the applicable requirem¢nts concerning the forni and CODtent of the accounts set out in the Charitics (Accounts and Rerts) Regulations 2008 other than any requirement thal the accounts give a 'tru¢ and vi¢w' which is not a matter ¢onsidered as part of an independent examination. I have no ¢oncerns and have come across no other matters in connection wilh the examination to which attention should be drawn in this rcFK>rt in order to enable a proper und¢tanding of the accounts to be reached. K R Saunders-Jones B5C, WJJames&Co Chartered AOuntant l O Wheat Street Brecon CA
HARLEY'S ALMSHOUSES RECEIPTS AND PAYMENTS ACCOUNT for the year ending 31 December 2023 Unrestricted 31 Dee 2023 31 Dee 2022 Funds Tot21 Total Note COME Rent receivable Interest receivable 27,476 873 27.476 873 24.873 804 TOTAL INCOME 28J49 W49 25,677 EXPEfiDITURE Waler 3,487 15,135 ,741 ,145 7,351 38 660 221 3.487 15,135 1,741 1,145 7,351 38 660 221 3.344 6.094 1,638 1.190 8,389 485 660 65 Insuranc¢ Alarni sy8tem Repairs and maintenance Ltcences A¢countancy fees Sundry TOTAL EXPEI¥DITURE 29,778 29,778 21065 Gainsl{loss) in investments 5.625 5,625 (57) NET MOvEmEr IN FUNDS 4,196 4,196 3,755 Reconciii8tioll of fvnds: Total fvnd balan¢¢s brought fotward at l January 2023 129,685 129,685 129WO Total fund balan¢¢s carried forward at 31 December 2023 133081 133.881 129,685
HARLEY'S ALMSHOUSES BALANCE SHEET s at 31 December 2023 2023 2022 Note FIXED ASSETS Investtnents 101,317 95,697 CURRENT ASSETS Bank accounts 35.204 35.968 35,204 35,968 CREDITORS: Amounts falling due within onc year { 2,640) (1,980) NET CURRENT ASSETS 32,564 33,988 133.881 129,685 FUNDS Unrestricted funds 133.881 129,685 Approved by the Trustees on ..... ..... and signed on their behalf by
HARLEY'S ALMSHOUSES NOTES YO THE FINANCIAL STATEMF.NTS for tbe year eDde4131 December 2023 STMENrs 2023 2022 M&G Charity Multi Asset 101.317 95,697 101.317 95,697 Movement in fixed asset investments 2023 2022 Market value brought fomrd Net gainl(loss) on revaluation 95,697 5,620 95,759 (62) 101,317 95,697 All investments are wried at their market value. Asset sales and purchases are recognized at the date of trade at their tr8ns&ttion value. 2. CASH BALANCES 2023 2022 Natwest Bank NS & I- Colin Hill Memorial Fund NS & I - Cyclical Maintenance Fund 30,354 1.989 2,861 31,123 1,987 2,858 35,204 35,968 3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 A¢cru¢d ¢xp¢ns¢s 2,640 1,980
HARLEY?S ALM4HOUSES LYOTES TO THE FINANCIAL STATF.MF.wrs (Continued) for the year ended 31 December 2023 Balillce brought forward Balance c*rried forward a8a¢ Investment 31 Dee gains10() 2022 2022 Receipts Payments General Fund 29,143 Cyclical Maintenance Fund 2,858 Memorial Fund 1.987 Extraordinary eIr Fund 95.697 28,349 29,778 27.714 2,861 1.989 5.620 101.317 129,685 28.349 29,778 57 133,881 S.TRUSTEES' REMUNERATION AND FXPENSES No remuneration directly or indirectly out of the funds of the charity was paid or payable to any trustee or to any pcrson or persons known to be connected with any of them. 6. RELATED PARTY TRANSACTIONS There were no related party transactions in the year that require disclosure in these financial statements.