Vigne-Bremner Almshouses
30/44 Nursery Road Sunbury on Thames Middlesex TW16 6LE Reg. Charity no. 213816
REPORT FOR THE YEAR ENDING 2022
Trustees: Rev Andrew Downes – Chairman Diana Brown Wendy Evans, Joyce Healey, David Knight
Co-opted Members: John Mold
Administrator: Sarah Pow
Trustees’ meetings were held in April, July and October 2022
The accounts for the year ending December 2021 were presented to the Trustees’ in October 2022 and accepted by all.
The annual inspection of the properties took place in August 2022.
The central heating boiler is inspected annually by 1st Class Plumbing & Heating, and the fire extinguishers are also checked annually by Chubb. The smoke alarms are checked annually and the batteries are replaced.
The gardening contract has remained with a private contractor, and is very satisfactory. The landscaping is gradually being improved with new planting and work to trees.
The old summerhouse was replaced in the Spring of 2022.
There was a major project carried out in the Autumn of 2022 to replace the existing roof. This work was carried out by a local contractor who were very efficient and reliable.
Contributions of £420 remained the same for 2022
All residents were up to date with their payments by the year end.
Most of the residents have remained in reasonable health.
The Almshouses are run on a voluntary basis by the Trustees but with a self employed paid administrator to deal with secretarial and financial details
The Almshouses Association Gazettes were received, and articles of interest reported to the Trustees by the Administrator.
Sarah Pow – Administrator
October 2022
THE VIGNE-BREMNER ALMSHOUSES
31 DECEMBER 2022
REPORT AND ACCOUNTS
THE VIGNE-BREMNER ALMSHOUSES
REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2022
CONTENTS
| CONTENTS | |
|---|---|
| PAGE | |
| Charity Information | 1 |
| Trustees’ Report | 2 |
| Independent Examiner’s Report | 3 |
| Balance Sheet | 4 |
| Income and Expenditure Account | 5 |
| Notes to the Financial Statements | 6 - 7 |
THE VIGNE-BREMNER ALMSHOUSES
REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2022
CHARITY INFORMATION
Charity Registration No: 213816
TRUSTEES: Chairman Rev. A. Downes Members Mrs. D. Brown Mrs. W. Evans Mrs J. Healey Mr D Knight Co-opted Members Mr J. Mold BANKERS: Barclays Bank PLC Teddington Branch Kingston Business Centre 6 Clarence Street Kingston upon Thames Surrey KT1 1NY ACCOUNTANTS: Haines Watts Chartered Accountants Aissela 46 High Street Esher Surrey KT10 9QY
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THE VIGNE-BREMNER ALMSHOUSES
TRUSTEES REPORT
YEAR ENDED 31 DECEMBER 2022
The Trustees present their report and the accounts of the charity for the year ended 31 December 2022.
OBJECTIVES OF THE CHARITY
The Trustees shall apply the income of the Charity in maintaining the Almshouses and surrounding land for the benefit of persons who by reason of their social or economic circumstances have need of such housing.
The trustees have had regard to the Charity Commission’s guidance on public benefit and consider The Vigne-Bremner Almshouses to meet the definition of a public benefit entity under FRS 102.
REVIEW OF ACTIVITIES IN THE YEAR
The Charity’s business was conducted satisfactorily during the year.
REVIEW OF FINANCIAL POSITION FOR THE YEAR
The Charity’s financial position for the year was satisfactory. The reserves are substantial.
Chairman ........................................................................
Date :
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INDEPENDENT EXAMINER’S REPORT
TO THE TRUSTEES OF THE VIGNE-BREMNER ALMSHOUSES
YEAR ENDED 31 DECEMBER 2022
I report on the accounts of the Vigne-Bremner Almshouses for the year ended 31 December 2022 which are set out on pages 4 to 7.
Respective Responsibilities of Trustees and Examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 and that an independent examination is needed.
It is our responsibility to;
-
Examine the accounts (under section 145 of the 2011 Act):
-
Follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act; and
-
State whether particular matters have come to our attention.
Basis of Independent Examiner’s Statement
The examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently do not express an audit opinion on the view given by the accounts.
Independent Examiner’s Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
1) accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
2) the accounts do not accord with those records; or
-
3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
HAINES WATTS Chartered Accountants
Aissela 46 High Street Esher Surrey KT10 9QY
Date:
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THE VIGNE-BREMNER ALMSHOUSES
BALANCE SHEET
| YEAR ENDED 31 DECEMBER 2022 2022 Note FIXED ASSETS Land and Buildings 3 1 NON-CURRENT ASSETS Investments at Cost 4 N.A.A. Income Shares 11,278 N.A.A. Accumulation Shares 107,211 118,489 CURRENT ASSETS Charities Deposit Fund 8,072 Cash at Bank 36,873 44,945 CURRENT LIABILITIES Accruals 2,420 _ ( 2,420) _ NET ASSETS 161,015 ____ MEMBERS’ FUNDS £161,015 ======= Reserves 5 £161,015 ======= .................................................................. Chairman |
2021 1 11,278 152,211 163,489 8,072 40,355 48,427 400 (400) _ 211,517 _ £211,517 ======= £211,517 ======= |
|---|---|
................................................................... Secretary Date:
The Notes on pages 6 to 7 form an integral part of these Accounts.
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THE VIGNE-BREMNER ALMSHOUSES
INCOME AND EXPENDITURE ACCOUNT
YEAR ENDED 31 DECEMBER 2022
| INCOME | 2022 | 2021 | 2021 | |
|---|---|---|---|---|
| Rent Contributions Received including heating | 40,319 | 40,280 | ||
| OPERATING EXPENSES | ||||
| Garden Maintenance & General Repairs | 80,643 | 11,096 | ||
| Insurances and T.V. Licence | 1,187 | 1,358 | ||
| Water and Sewerage Rates | 2,146 | 490 | ||
| Lighting and Heating | 5,198 | 5,321 | ||
| _____ | 89,174 | _____ | 18,265 | |
| _____ | ______ | |||
| (48,855) | 22,015 | |||
| OVERHEADS | ||||
| Secretarial Expenses & Sundries | 1,986 | 1,605 | ||
| National Association of Almshouses | - | 182 | ||
| Accountancy | 600 | 576 | ||
| _____ | 2,586 | ______ | 2,363 | |
| ______ | _____ | |||
| Operating (Deficit)/Surplus | (51,441) | 19,652 | ||
| INVESTMENT INCOME | ||||
| N.A.A. Common Investment Fund | ||||
| Income Shares | 938 | 810 | ||
| Charities Deposit Fund Account | - | 1 | ||
| ____ | 938 | _____ | 811 | |
| ______ | ______ | |||
| (Deficit)/ Surplus for the Year (Note 4) | (£50,502) | £20,463 | ||
| ====== | ====== |
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THE VIGNE-BREMNER ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
NOTES TO THE ACCOUNTS 31 DECEMBER 2022
1. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS 102 ‘The Financial Reporting Standard applicable to the UK and Republic of Ireland, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102) and the Charities Act 2011.
2. ACCOUNTING POLICIES
The principal accounting policies adopted by the charity reflect the recommendations set out in the Statement of Recommended Practice - Accounting by Charities.
(a) The accounts have been prepared under the historical cost convention.
(b) Investment Income - investment income is recognised in the accounts when received. No provision is made for income accrued but not received by the balance sheet date.
(c) Valuation of Investments - investments are stated at their historical cost.
3. LAND AND BUILDINGS
The Freehold Land and Buildings are acquired by Deed of Gift dated 13th May 1891 and are included in the accounts at the nominal value of £1. The insured value of the Buildings and contents is £744,000. No valuation of the Freehold Land has been obtained.
4.
INVESTMENTS
(a) National Association of Almshouses Income Shares
| Shares Held | ||
|---|---|---|
| 31 December 2022 31 | December 2021 | |
| Number | 24,545 | 24,545 |
| ===== | ===== | |
| Cost | £11,278 | £11,278 |
| ===== | ===== | |
| Market Value | £21,676 | £22,273 |
| ===== | ===== |
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THE VIGNE-BREMNER ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
NOTES TO THE ACCOUNTS 31 DECEMBER 2022
(b) National Association of Almshouses Accumulation Shares.
| Shares Held | ||
|---|---|---|
| 31 December | 2022 31 December 2021 | |
| Number | 3,191 | 3,614 |
| ==== | ==== |
|
| Cost | £107,211 | £152,211 |
| ====== | ====== |
|
| Market Value | £336,777 | £378,379 |
| ======= | ======= |
The above holdings and market value have been verified by the Official Custodian for Charities.
During the year, £15,000 (2021: £20,000) was invested in National Association of Almshouses Accumulation Shares and £60,000 was withdrawn.
5. RESERVES
| Extra | ||||
|---|---|---|---|---|
| -ordinary | Cyclical | |||
| Repairs | Repairs | General | Total | |
| Balances Brought Forward | 152,211 | 8,072 | 51,234 | 211,517 |
| Deficit for the Year | (45,000) | - | (5,502) | (50,502) |
| _____ | _____ | _____ | _____ | |
| Balances at 31 December 2022 | £107,211 | £8,072 | £45,732 | £161,015 |
| ======= | ===== | ===== | ====== |
6. RELATED PARTY TRANSACTIONS
During the year there were no transactions with trustees or other related parties to include remuneration or expenses paid.
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THE VIGNE-BREMNER ALMSHOUSES
31 DECEMBER 2022
REPORT AND ACCOUNTS
THE VIGNE-BREMNER ALMSHOUSES
REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2022
CONTENTS
| CONTENTS | |
|---|---|
| PAGE | |
| Charity Information | 1 |
| Trustees’ Report | 2 |
| Independent Examiner’s Report | 3 |
| Balance Sheet | 4 |
| Income and Expenditure Account | 5 |
| Notes to the Financial Statements | 6 - 7 |
THE VIGNE-BREMNER ALMSHOUSES
REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2022
CHARITY INFORMATION
Charity Registration No: 213816
TRUSTEES: Chairman Rev. A. Downes Members Mrs. D. Brown Mrs. W. Evans Mrs J. Healey Mr D Knight Co-opted Members Mr J. Mold BANKERS: Barclays Bank PLC Teddington Branch Kingston Business Centre 6 Clarence Street Kingston upon Thames Surrey KT1 1NY ACCOUNTANTS: Haines Watts Chartered Accountants Aissela 46 High Street Esher Surrey KT10 9QY
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THE VIGNE-BREMNER ALMSHOUSES
TRUSTEES REPORT
YEAR ENDED 31 DECEMBER 2022
The Trustees present their report and the accounts of the charity for the year ended 31 December 2022.
OBJECTIVES OF THE CHARITY
The Trustees shall apply the income of the Charity in maintaining the Almshouses and surrounding land for the benefit of persons who by reason of their social or economic circumstances have need of such housing.
The trustees have had regard to the Charity Commission’s guidance on public benefit and consider The Vigne-Bremner Almshouses to meet the definition of a public benefit entity under FRS 102.
REVIEW OF ACTIVITIES IN THE YEAR
The Charity’s business was conducted satisfactorily during the year.
REVIEW OF FINANCIAL POSITION FOR THE YEAR
The Charity’s financial position for the year was satisfactory. The reserves are substantial.
Chairman ........................................................................
Date :
-2-
INDEPENDENT EXAMINER’S REPORT
TO THE TRUSTEES OF THE VIGNE-BREMNER ALMSHOUSES
YEAR ENDED 31 DECEMBER 2022
I report on the accounts of the Vigne-Bremner Almshouses for the year ended 31 December 2022 which are set out on pages 4 to 7.
Respective Responsibilities of Trustees and Examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 and that an independent examination is needed.
It is our responsibility to;
-
Examine the accounts (under section 145 of the 2011 Act):
-
Follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act; and
-
State whether particular matters have come to our attention.
Basis of Independent Examiner’s Statement
The examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently do not express an audit opinion on the view given by the accounts.
Independent Examiner’s Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
1) accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
2) the accounts do not accord with those records; or
-
3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
HAINES WATTS Chartered Accountants
Aissela 46 High Street Esher Surrey KT10 9QY
Date:
-3-
THE VIGNE-BREMNER ALMSHOUSES
BALANCE SHEET
| YEAR ENDED 31 DECEMBER 2022 2022 Note FIXED ASSETS Land and Buildings 3 1 NON-CURRENT ASSETS Investments at Cost 4 N.A.A. Income Shares 11,278 N.A.A. Accumulation Shares 107,211 118,489 CURRENT ASSETS Charities Deposit Fund 8,072 Cash at Bank 36,873 44,945 CURRENT LIABILITIES Accruals 2,420 _ ( 2,420) _ NET ASSETS 161,015 ____ MEMBERS’ FUNDS £161,015 ======= Reserves 5 £161,015 ======= .................................................................. Chairman |
2021 1 11,278 152,211 163,489 8,072 40,355 48,427 400 (400) _ 211,517 _ £211,517 ======= £211,517 ======= |
|---|---|
................................................................... Secretary Date:
The Notes on pages 6 to 7 form an integral part of these Accounts.
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THE VIGNE-BREMNER ALMSHOUSES
INCOME AND EXPENDITURE ACCOUNT
YEAR ENDED 31 DECEMBER 2022
| INCOME | 2022 | 2021 | 2021 | |
|---|---|---|---|---|
| Rent Contributions Received including heating | 40,319 | 40,280 | ||
| OPERATING EXPENSES | ||||
| Garden Maintenance & General Repairs | 80,643 | 11,096 | ||
| Insurances and T.V. Licence | 1,187 | 1,358 | ||
| Water and Sewerage Rates | 2,146 | 490 | ||
| Lighting and Heating | 5,198 | 5,321 | ||
| _____ | 89,174 | _____ | 18,265 | |
| _____ | ______ | |||
| (48,855) | 22,015 | |||
| OVERHEADS | ||||
| Secretarial Expenses & Sundries | 1,986 | 1,605 | ||
| National Association of Almshouses | - | 182 | ||
| Accountancy | 600 | 576 | ||
| _____ | 2,586 | ______ | 2,363 | |
| ______ | _____ | |||
| Operating (Deficit)/Surplus | (51,441) | 19,652 | ||
| INVESTMENT INCOME | ||||
| N.A.A. Common Investment Fund | ||||
| Income Shares | 938 | 810 | ||
| Charities Deposit Fund Account | - | 1 | ||
| ____ | 938 | _____ | 811 | |
| ______ | ______ | |||
| (Deficit)/ Surplus for the Year (Note 4) | (£50,502) | £20,463 | ||
| ====== | ====== |
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THE VIGNE-BREMNER ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
NOTES TO THE ACCOUNTS 31 DECEMBER 2022
1. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS 102 ‘The Financial Reporting Standard applicable to the UK and Republic of Ireland, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102) and the Charities Act 2011.
2. ACCOUNTING POLICIES
The principal accounting policies adopted by the charity reflect the recommendations set out in the Statement of Recommended Practice - Accounting by Charities.
(a) The accounts have been prepared under the historical cost convention.
(b) Investment Income - investment income is recognised in the accounts when received. No provision is made for income accrued but not received by the balance sheet date.
(c) Valuation of Investments - investments are stated at their historical cost.
3. LAND AND BUILDINGS
The Freehold Land and Buildings are acquired by Deed of Gift dated 13th May 1891 and are included in the accounts at the nominal value of £1. The insured value of the Buildings and contents is £744,000. No valuation of the Freehold Land has been obtained.
4.
INVESTMENTS
(a) National Association of Almshouses Income Shares
| Shares Held | ||
|---|---|---|
| 31 December 2022 31 | December 2021 | |
| Number | 24,545 | 24,545 |
| ===== | ===== | |
| Cost | £11,278 | £11,278 |
| ===== | ===== | |
| Market Value | £21,676 | £22,273 |
| ===== | ===== |
-6-
THE VIGNE-BREMNER ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
NOTES TO THE ACCOUNTS 31 DECEMBER 2022
(b) National Association of Almshouses Accumulation Shares.
| Shares Held | ||
|---|---|---|
| 31 December | 2022 31 December 2021 | |
| Number | 3,191 | 3,614 |
| ==== | ==== |
|
| Cost | £107,211 | £152,211 |
| ====== | ====== |
|
| Market Value | £336,777 | £378,379 |
| ======= | ======= |
The above holdings and market value have been verified by the Official Custodian for Charities.
During the year, £15,000 (2021: £20,000) was invested in National Association of Almshouses Accumulation Shares and £60,000 was withdrawn.
5. RESERVES
| Extra | ||||
|---|---|---|---|---|
| -ordinary | Cyclical | |||
| Repairs | Repairs | General | Total | |
| Balances Brought Forward | 152,211 | 8,072 | 51,234 | 211,517 |
| Deficit for the Year | (45,000) | - | (5,502) | (50,502) |
| _____ | _____ | _____ | _____ | |
| Balances at 31 December 2022 | £107,211 | £8,072 | £45,732 | £161,015 |
| ======= | ===== | ===== | ====== |
6. RELATED PARTY TRANSACTIONS
During the year there were no transactions with trustees or other related parties to include remuneration or expenses paid.
-7-