2023-12-31-accounts

IFfAO(aS m£ , ANN SMYfHS ALMSHOUSES ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

ANN SMYfHS ALMSHOUSES LEGAL AND ADMINISTRATIVE INFORMATION Trustses MrRHPwce Mr5 J M Leac tr R Stiikng E Hugh&s Charlty numb 213747 Indepgndent •¥amlner LB l>wAtfviaory Limfyl Ilpsld)I 80 Comp c1￿￿t UK IV2 OEH

ANN SMYfHS ALMSHOUSES CONTENTS Page Baknce sheet 6-10

ANN spaYfHS ALMSHOUSES TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEAIBER 2023 Th6 flnandal statements havg been prepared tn aoxdarKe Ihe 8CGCWttng ￿11￿5 set nots 1 to the financi81 statements and ccynpty wth the govwning dc￿￿enth charl￿ 2011 and 'Ac￿￿￿ting and Reporting by Charities.. Statement of Recommended Pwaice atvl¢able to Cha￿leS Fryarlng their actxjunts in accordan￿ wmh Ihe FIr￿l￿al ReporUrb3 Slandd apF4ca In th& UK of hland (FRS 102). leffecve 1 January 2019). ObJoctiv•8 and actl¥ltl•s The purpc6e of the tharity a6 sd iJt Ikwn8rt acca)mmda15Dn for The maln aCtIv￿e$ of the rompany are.. . prI￿810n and malnlen8nce rf SOW rAMtatr￿d as acfrnn￿rffi dghl women aged fffty yeais and ovor. who are aho ¢ornmunrcat& rnwnbBts ol the ch￿th c{En￿￿d. The Iru8te8s pald r8gwd to guldBnrx Isf4Jed by th8 Chwity In what a(XJvliles t Ach¢•vomwrt8 and wfomi•n The charity c￿tinu•S to Thlnfain the it 8pIn￿lS r¢ 8 r8axrf)thfo (%￿d￿N￿. a (¥)Mfr￿8. 88fe The trusleos afe c4Ynrrflt&l to koetAng the MBIrtena￿ a Ib¥el that IJ afforda￿• to thos8 Wtth Imlted means vtho ftwghl rJhen¥ka beat40 to afford to li patsh. In 2023 th empty fiats uryletely red0￿￿￿d to ne resklerts M￿ng kn. A ngw boller w8s In8t811od In another flat and further bokn are $d￿k￿ b) b replac￿ kn 2024 kn kwlThJ thom up to CUf8nl standard8. Extenstv• wck to rwr and weswve tha w&s c8nled Iwt aThJ In 2024 mts￿ wot wll be undertaken to wnprov• frè safety on the adbtr of8 Fn S Offlcar. El&iral V•Thks a180 compleled in the Fln#nclal rèvlew Despll8 fiats vacart wt of the ￿r a of£121 wa$ athi8v•d. The total Thg total fund$ 8t the cl Ihe to£215￿ The amcNJnÈ hekj dew at the aNI of the yw lo £11&711 The gen￿* Temaln8 at £20k The M8Ior Repatrs Fund is sot at £131A.

ANN SMYfHS ALMSHOUSES TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 The princi￿1 risks f8(ing the tharity arg". . Expensiv8 Ixjlhying repatrs. Ragutsr are arKI remwthal th undwtsken. Thg trustees h8ve inib'ated a q￿￿￿e￿n￿l irtspthi rcth. and will Thiew the reseNes poty to help Mitigate this risk. . Threat to lrfe and prDpety from fre. ft0C￿ ar olhw aLa>lent. A Fwe Risk assesynent was caThiad tyjt and rgwmmended 8cion$ have teen Klthifjed xheduw. The r15k of falling d8m8rKI lor Alms scsxnm￿ti(￿. All e￿1 apartmonts have been fuly OCCUp￿d since the completion of refthbthm8nt in 21N)3 and trustees keep a re¢tyd of any dedaration of inlere5t in vacanries re￿1￿1. tnJ8te88 arn oware that at Igast one Ilat may b8cLi)8 V8c4nl wthln the next 12 M(￿th3. Slry¢tUf•i gov•manc• and man•gwn•ftt Th goveming document of the ch8rity Is the Chm 2rwJ Oraobor 1956. •8 8rnended 20th Juty 1998. The d￿lity 18 consbbJW a8 a O￿lI￿A9 trusL The trustee& kn swved durirYJ the year tolt date d S￿a￿re of tho (Inmdol statements wer•: Mr R H Prerce Rev Cwon Jthn Th8thr8y Mr8JMLe8 r R Stirfing r8 E Hughe$ EPal The charlty b adn￿nISte￿I by voknt&y trust• . Ex officb.. Mcar or pr1e￿ d￿rye aNI thur( the I￿LSh of St Mary •t the Ekns, Ipswtth. n Tha(*ray Chair of ThAt••s Data..

ANN SMYfHS ALMSHOUSES INDEPENDENT EXAMINElfS REPORT TO THE TRUSTEES OFANN SMYfHS ALMSHOUSES I rewrt to the tri￿te88 my of the Akn9h￿￿ (the ¢harity) Responslbllliles and bals of r•port As the tru6t8es of the chwty yw we res[￿￿1) fL the S1n￿ts In acrAwdm vAth the requirerrEnls of Ihe 2011 {Ihe 2011 A( I report in raspect of my of the fnBncial &ate￿ts ¢xnied out LYhJeT secjlon 145 ofthe 2011 Ac. In carrykng out my examlnation I have al tre Leron6 glw) by the Ch8rfty Comm186k under 8edbJn 14515Mbl of ts 2011 Ind•wnd•nl •x•mln•rfs t•t•m•nt Your attenlkjn Is (tr8wn to tha I￿t that the thwity hss fmanoal statwn￿tS kn a¢xord8nce wlth Accourrtlig nd Reporting by Chariti&% wepariro thek ac￿Unts kn araydan(% the Fllwirial Re[￿1￿0 SlaThJard applic4blo In tho UK and Rewbl¢ cl Irel￿￿ (FRS 1021 In welere1￿ to the Ac¢ountlng aThJ Repjtrng by Chariiies: Stalemerbt of Racomm￿dOd Pracarr on 1 Ayll 2005 ra￿VrAj to kn th? 8xtsnt rwJilatkn$ but has now baan withdrawn. l undwthd Ih81 IN8 hss b8en (kine In Lderkr to a trt falr ￿e￿ kn accoTd811ce OX8mlnalrm causo ts) belevo that matW accounlir¥J recc¥d9 were rKrt kept in resp8¢t of tho dwrlty a8 by s•dk¢) t30 ofthe 2011 k,. or the finandal Btatemenls do noi o)mply the requlrwTbefs t))rKern￿ the fom and cont¢nl of ac£ounts sel out k) the Charfdas (Aco￿nts WKI R￿) 21x18 1)ther •y Tequlr•ment that the acrA>unls ￿1￿ a trua and far 1% a matier ccAXhje￿ ao part of an Indep￿dent examlnaloon. LB Grow Athtl*ory Llmlt•d OpB¥Ach) Ipswith Suffolk IIY2 OEH UK Datod: ...

ANN SMYfHS ALMSHOUSES STATEMENT OF FINANCIALACTMTIES INCLUDING INCOME AND EXPENDrruRE Accoupir FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestrlctsd Unrnstrlct•d funds fund• 20TJ 2022 Incomè from: Ch8riiabl8 aCti￿tte3 Invg8trnents 34,001 34.634 1.080 Total incom• 38,901 35,714 endlt Charftable 8(MUe8 38,780 35,456 N•t In¢om• forthg ywl N•t mo¥ennt In lund8 121 258 Fund b8lancw at 1 Ja￿ry 20Zd 613,184 612,926 613.305 613.184

ANN SMYfHS ALMSHOUSES BALANCE SHEEr ASAT31 DECEMBER 2023 2023 2022 Flx•d amets Tanglble a&sets 10 401 401.206 Curr•nt as••¢• Ca8h al bank and in haNI 215.505 212,692 Cr•dllor•: amounts l•lllng du• rhfthln 11 (3.4061 <7141 Not CLwrent a88ets 212,099 211,978 Total cwr•nt 613.305 613,184 Ih¢(wn• fund¥ Unrestri¥Xod funds 613.305 613,184 613,305 613.184 The finandal stat8m8nts were by th•Trt￿ cm ... .. evergnd C

ANN SMYfHS ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Aecounttftg polckns Chortty Ihfmatlon 1.1 Arxountlny ¢onv•ntlon The finandal statemBnts boen iyep￿ In aryxYd•K? vAth th8 thartys govwning documanl. the Cthaiibes Act 2011. FRS 102 Yha Finawa Reportffig Slandard In th• UK and Repubjlc of Iret8n¢r rFRS 102.1 arwj the Chaiilies SORP "Ac(xwnling 8nd RetKJrtmg by Chario"es'. Stoment of Recomrnended Pracbc& 8pp&cabl8 10 th8rib.es prepamg IheE'r accojnls in act￿￿￿n￿ vAlh the FInd￿￿ R8porting Siandard aw)licable in the UK Repubfic of knd (FR8 102r leff•Yive 1 2019). The chartty 1$ a Pubr Benelli Enuty as defined by FRS 102. Cash Flw. The lknandal 8tatémenb hava departed from t￿ Charttses IALZOUtts R8Oulall￿B 2008 onty to the exterrt requlred lo proWe a true and falr ¥iew. Thls ¢kp8thre has Invcknl lolbwlng Ihe Statement of Recommended PTac11￿ for tharltte5 FRS 102 rather than the ver8irrt) of the Statement of Recommonded Pr8dic ththlth 18 refetrwj kn h) the 71thich has ￿n¢8 b8en wlthdrnwn. Ihand81 sialements stthJ, 18 the fuThX(ml LmrKy (¢ Iha tharty. Mi￿81&ry pc4k4es adcd w• 8et out bekn. 1.2 Gotng ¢o•ern At the ts'me of apwothg the lknandal 81atsn4rynt•. tho trustee3 Iwv8 a reawnabl6 eKpactthn that the charlty hos ad8quale resour￿ lo rxmtinue kn c4Jeraknd far the fixg¥eeabl fuknrv. Ihe tFUSt¢es la Ch•tllabl&fitnd• UnTestri(a•d fixwjs orè avallabl& thB tr￿teS in of thek tharstsble objethes. Re8trftsrted funds a￿ subfect to spedfic cth1iknry ty 1knty5 as lo hth¥ they may b8 U8od. Tho ptwtx)9eg and tharfty. IA Incom• In(x)m8 is rwnised Mthert thè tharty 16 Wty rtilleJJ to It afterry Pthnan￿ havo been mel relat￿￿ to donations recei¥¥J GrftAKI or deets Or¢￿￿t is rwAsed at the bme ofthe ￿[￿ation. Legaaes r8o)wAsèd cr if the dTty been nrrthbj OF an #npending distribullon. the anount is knowry is exp￿￿. 11 th• is mi kn￿aTr. Ihe ￿llaCy is treated as a

ANN SMYfHS ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pokcl•¥ (Continu￿) Expendlture third paty. it is wbatrAc ts a tr￿fer d e(rnJnx tMefits be rwred ￿ Settlett￿nL and the amcmjnt of Ex￿ndI￿re Is classilled by adiwity. The ￿ of eath acti￿ are made up of tt tot81 of dire￿ coBt8 and shared Gosls, Inckndiry costs inwTr4ed in each a¢tr¥ty. 0SrBd Gosts atbJutable lo 8 singlg activlty are alorxted directy lo that aclfvty. Shared wsts whh cuttritxJte to more than onry actmty gjpptyt co6ts which ars not a￿lE￿l￿b to a yrvje are aFf¥Y1lc￿ort betr￿n those activities i)n 8 basis cthsistent wilh the use of re5cyJrw. Centr¥l slaff costs ar8 alhxatwj ￿ the b8sls ()f tyme spenL and 1.6 T•nglble fix•d a•o•ts depredation and ary trnpakn￿nt kmes. Depr8(aalion1g reCtyr￿88d 80 as lo iile (Ifthe o)8tty ¥a￿alk￿ d assets Trsldual Va￿8& over thelr Freehc4dl8￿j and ￿IdIr￿J$ The gatn or knss arfshg on the thspo$81 olan a38et is deternmned as the dlffwenr? batr￿n the sale iYoceed8 1.7 Impolment of fixed •8¢ts Al each reportlng 8nd date. the tth8rfty taryvwJ of Its lar￿1B 88s•ts to dotsmithe whelhèr there 18 8ry IrKlicthn that 888•ts hav8 Suffered an wnpainent ljss. If any such Indication exists, the ro¢overatl8 am0￿[ of the ass8t is estrnjted in mler to Il•tmts Ihe axtsrrt of the Im￿lm￿nI 1088 (Il any). 1.8 Cash •nd ¢aoh •qulval•bts Cash and cash owiwits kn(knle cash in hand. deF￿ hebj at bars. other short-lerm Ilquid vestments vAlh orb'nal maturflbes of tI¥Be nK¥th5 cf l•ss. and bw ovfrdraftL overdrnfts am thown Basic fmanry81 assets. whkth incknla ond and bank bal8rtces. are Inldally measurpd at trarwctlon prfce induding knBaclim cmts and ae wbsw camgj at an￿lised cost u•ng thé effective interest method unless airwN￿ ￿￿slIb￿eS 8 ffiarKing bar￿¢11(￿. vthere the transaction is measurgd at the wesent vdue ol the fiAurn at a r8ts of intw88t. NnwKa818S8èts daswfied as r8(wat4e vAlhin crn year 8re nct aFtKts•J. Basic finan(iBI I￿￿￿1￿8$. crndith aKI bank are Yetcywsgd at trans8dion unless the arwgemenl conslilutes a frnicThJ tsJns•Aa￿. vthere tha debt IFUn￿ is measLffed at the present value of the ftrture payments th¢￿rrted at a maket rate of Irrfe￿l Fmanoal Irat4UOos Cla￿ed as paydbl8 thln one Jw are not •norti5ed. Trnde uedltOT5 arn obligakn fo gL￿d5 ty sernvs th8t have been a¢￿￿ In the o)utse of operations from supt4lers. AmrAmts we da5sified as ￿ liaLihb'es il pEyrnent is due vthin one year or less. If not. they are presen￿ as MwHxJffent klybbes. Trada creditus are reo)gnised irutially at

ANN SMYfHS ALMSHOUSES NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 3q DECEAIBER 2023 Ac¢ountlng poki•s IContinu8d) Finan481 liabilEp5 are derwxwised ey&kn ty 8rè disth•rg&J or canc618(J. Employee bènèfflB Th8 cost of unu59d IKAiday onknt lx in ts porkna ￿npbYee'S seFvices are Tam￿natIOn ben6ffts are rerAgnlsed tsmrRdlatdy as an expTh kn the thty15 dttmonstrably txjmmltted ln the aP￿1￿110n of the thaFit¥s ac￿￿lIng th8 bustees requlrgd to makèjudgempnts. esllmales and a85umpllons atKHJt the wtsig mnt of assets and laixliies th81 are nol readlty apparerit frorn other sources. The estfvles and a550dated assurWkTh are based on historicai 8xFeri8nc& and other la¢tor8 that esllmatss arKI undwtyiThJ 8sswTrpdons re￿tr￿ed ba￿s. Revlslorffj to a£￿Un￿ng e61kn8¢es are rett)gn￿d in the kjwlod ￿ th¥th Ihe esumate 18 revlsed wlwe tha revision affects only that pawiod, or In thg of the revtslon Wid ￿tL￿e the mis1￿ afferts bolh current and fijture pertod8. 2023 2022 34.W1 Inv•skneThts UM•8tricted Unrestr'cted fvnd5 funds 2023 2022 4.9JO 1.080

ANN SMYfHS ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 2023 2022 Slaff Hvar8 System Afm8hcwse njnnvig Telethone Repalrs and renewds s￿￿￿ry Expen8¢8 9.000 1.626 3.130 144 18.581 2,621 5,918 151 17.053 Insur 1,414 1.400 511 1,330 37.557 34,322 Share of f>xts (see 7) 1223 1.134 38,780 35.456 charl￿le ath 2022 costs SLtscrfptkns Indepen¢J￿rt wmnakn 420 420 714 714 1.134 Chwitsblp aclNibes 1.134 1.134 Trn5tees tharity the Y￿r.

ANN SMYfHS ALMSHOUSES NOTES TO ThE FINANCIAL STATEAIEKfs (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 The averag& monlhly nwrt)er of the 2023 2022 lknther Numb8r Employm•nt costs 21123 2022 Wage8 and sa18d68 10 Tanglbk• Ilx•d ￿1$ Fw••huld and buldlTrA• At 1 January 21 401.208 At 31 Decwnber 2023 401,206 C•rylng an￿Unt 31 December 2023 401.205 At 31 D￿mber 2022 401,206 11 Crndltor8'. •mourt• ￿1th9 du• fhlthln on• y 2023 2022 Trade rxediicx 1,994 1A12 714 714 10-