THET EVANS TRU HARITY ACCOUNTS 31. MARCH 2021
THE T J EVANS TRUST CHARITY
ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2021
The T J Evans Trust (Charity No. 213874) was founded by the Will of Thomas Joseph Evans on 21[st] January 1937 and has been varied or affected by schemes of the Charity Commission in 1938, 1951, 1960 and 1987. The Trust is also a member of the National Association of Almshouses.
The Trustees for the year ended 31[st] March 2021 were:-
Cllr S Kaye (Town Mayor)
Rev S Willson (Vicar of the Parish of St Mary's Church, Welshpool) Cllr P Pritchard (Chairman) Cllr Mrs S Squibb (independent member) Cllr H Sherlock (appointed by Town Council)
The Administrator to the Trustees for the year was Mrs Susan Richards and the Warden was Mr David Jones.
The body of the Trustees comprises two ex-officio Trustees (the Vicar of the Parish of St Mary's, Welshpool and the Town Mayor), two nominative Trustees (who need not themselves be Town Councillors) appointed by the Town Council and a Co-optative Trustee who has special knowledge of the town of Welshpool.
The object of the Charity is to provide low cost sheltered housing to residents of the town or parish of Welshpool who are over the age of sixty years and in need. The Trust owns and runs Haven Court where there are eight flats for tenants and one for the resident Warden who checks on their welfare at least once a day and is on call at night. The rents are kept as low as possible and include water rates, TV licence and the services of a gardener and a window cleaner. Internal and external repairs and decoration are carried out where necessary at the expense of the Charity. The Warden enjoys similar benefits but is not liable to pay rent for the occupancy of his flat, while the Trust also pays his heating costs and water rates. Both the Warden and the Administrator receive a minimal weekly wage.
Finances:
The attached financial statements show the income and expenses of the Trust in the year ended 31st March 2021 and the valuation of assets and investments at the year-end. The committee continues to monitor carefully such expenditure and in their opinion these statements show the position of the Trust to be sound.
Land and property and investments are valued at cost, although it is thought that current values are significantly higher.
The investment (The National Association of Almshouses Common Investment Fund) generates quarterly dividends and together with deposit account interest and rents represents the regular income of the Trust.
The Charity's bankers are the National Westminster Bank plc, Newtown.
The Independent Examiners are Cadwallader & Co LLP, Chartered Accountants, Welshpool.
……………………………………
Cllr P Pritchard, Chairman
On behalf of the Management Committee 21st January 2022
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THE T J EVANS TRUST CHARITY
STATEMENT OF ASSETS AND LIABILITIES
| General Purposes CURRENT ASSETS Balances at Bank:- Investment at Cost Land and Property at Cost Capital Fund Restricted Income Funds FIXED ASSETS Designated Fund NET ASSETS REPRESENTED BY Unrestricted Income Funds Current Account |
Notes 2(a) 2(b) AT 31 ST MARCH 2021 |
2021 £18,154 34,693 52,847 94,124 146,971 94,124 18,154 34,693 146,971 |
2020 £18,154 34,693 |
|---|---|---|---|
52,847 79,030 |
|||
131,877 79,030 18,154 34,693 |
|||
131,877 |
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THE T J EVANS TRUST CHARITY
STATEMENT OF FINANCIAL ACTIVITIES
YEAR TO 31ST MARCH 2021
| Notes 2(b) 3 Rents Received Other Expenditure: Accountancy Postage, Stationery, Advertising & Incidentals Fund Balance Carried Forward Telephone Fund Balances Brought Forward Insurance Net Surplus for the Year Total Expenditure Investment Income Total Receipts Income Receipts: RECEIPTS PAYMENTS Secretary’s, Warden’s and Gardener’s Wages Window Cleaning Provision of Property, Council Tax & Water Rates General Repairs & Renovations Electricity Charitable Activity Direct Expenditure: |
£ 4,177 24,960 29,137 £ 2,416 1,153 1,121 396 6,589 11,675 £ 418 280 1,310 360 2,368 14,043 15,094 131,877 146,971 2021 |
£ 4,177 24,960 29,137 £ 2,416 1,153 1,121 396 6,589 11,675 £ 418 280 1,310 360 2,368 14,043 15,094 131,877 146,971 2021 |
£ 4,177 24,960 29,137 £ 2,416 1,153 1,121 396 6,589 11,675 £ 418 280 1,310 360 2,368 14,043 15,094 131,877 146,971 2021 |
4,177 £ 23,660 27,837 £ 2,278 6,358 1,617 396 6,538 17,187 £ 1,285 209 1,266 360 3,120 20,307 7,530 124,347 131,877 2020 |
4,177 £ 23,660 27,837 £ 2,278 6,358 1,617 396 6,538 17,187 £ 1,285 209 1,266 360 3,120 20,307 7,530 124,347 131,877 2020 |
|
|---|---|---|---|---|---|---|
| 27,837 | ||||||
| 11,675 2,368 14,043 15,094 131,877 146,971 |
17,187 3,120 20,307 |
|||||
£ 1,285 209 1,266 360 |
||||||
| 7,530 124,347 |
||||||
| 131,877 |
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THE T J EVANS TRUST CHARITY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2021
1. ACCOUNTING POLICIES
General
The accounts have been prepared under the historic cost convention and in accordance with the Statement of Recommended Practice for Charities, preparing annual accounts on the receipts and payment basis.
2. FIXED ASSETS
(a). Used by Charity
The land and buildings are shown at cost without any depreciation charges, as the trustees believe that the current valuation of the freehold property is higher than cost.
(b). Investment
The investment is for shares held in The National Association of Almshouses Common Investment Fund. These are shown at cost on the balance sheet and a dividend is received on this investment quarterly each year. Valuations as at the balance sheet date: Accumulated Fund £42,891.48, Income Units £102,509.62.
3. SUMMARY OF NET ASSETS BY FUNDS
| Unrestricted | Restricted | |||
|---|---|---|---|---|
| Funds | Funds | |||
| General | Designated | Capital | Total | |
| Fixed Assets | - | £18,154 | £34,693 | £52,847 |
| Net Current Assets | £94,124 | - | - | £94,124 |
| £94,124 | £18,154 | £34,693 | £146,971 |
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INDEPENDENT EXAMINER’S REPORT
TO THE TRUSTEES OF THE T J EVANS TRUST CHARITY
ON THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2021
Respective Responsibilities of Trustees and Examiner
As the charity’s trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of Section 43(2) of the Charities Act 1993 (the Act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directors given by the Charity Commissioners under Section 43(7)(b) of the Act, whether particular matters have come to our attention.
Basis of Independent Examiner’s Report
Our examination was carried out in accordance with the General Directors 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 of 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 we do not express an audit opinion on the view given by the accounts.
Independent Examiner’s Statement
In connection with our examination, no matter has come to our attention:
-
Which gives us reasonable cause to believe that in any material respect the requirements
-
To keep accounting records in accordance with Section 41 of the Act; and
· To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act
have not been met, or
- To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed
………………………………………………..
Cadwallader & Co LLP Chartered Accountants Eagle House, 25 Severn Street Welshpool, Powys SY21 7AD
21st January 2022
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