HARLEY•S ALMSHOUSES
FINANCIAL STATEMENrs
FOR THE YEAR ENDED
31 DECEMBER 2023

HARLEY'S ALMSHOUSES
INDEX TO THE FINANCIAL STATEmE￿s
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 neCeS￿ry.
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 meth￿S 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 Ca￿led 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 ac￿rd 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 Re￿rts) 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 A￿Ountant
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 MOvEmE￿r 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 ￿e￿Ir 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.