HE T J EVANS TRUST C ACCOUNTS
THE T J EVANS TRUST CHARITY ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 The T J Evans Trust (Chlty No. 213874) was fowJd¢d by the WÉll of Thom Jowh Evans on 21. Janllary 1937 Jd h&8 been varied or 8ffeeted by s¢h¢m¢s of the Chority Commission in 1938, 1951, 1960 and 1987. Th¢ TTU5L is als) a m¢mberofthe Nationa] Associ&ion of Almshouse5. Thc Tru51ees for the ye&r ended 31° MAr¢h 2024 were.'- CllrNA Howe115 (fown Mayor) (appointed 16.05.2023) Cllr TA Davie5 Isigned 16.05.2023) Rev AR Pawlcy {Vicar of the Parish of Sl Mary's Church. weIshp]) Cllr P Pritchard (aptTh)iJ]i¢d by the Town Council} (Chairnian) Cllr H Shwlock lilldependent memrI {appoinied t16.11.2023) G LA)nttgan lindep¢nd¢nt m¢mb¢rl lrt%ign¢d 06.11.20231 Cllr E Bleiva5 lappoinled by Town Couocill The Administrator to thc Trngtees for the year wks Mrs Su5aD Richards and lh¢ Wartsn for parl of the year was Mr David lon¢5. who was Tnade Tedundant on 31st Julv 2023. Th¢ Eody of the Trustee5 comprise8 two ex•officio Trustrt5 (the Vicar of the P8rish of St Wc]shpool and the Town MayoTk two norninativB Tte¢S Iwbo need noi th¢mselv¢s be Town Coun¢illorsl appointed by the Town Council and a Co-oplYe TTte who ha5 SP1a[ knowledge of the knwn of W¢15hwol. The object of the Charity is tr> provide low CO shcltcrcd housing to r¢sidents of the town or parish of We15hFrf)ol who are over the age of sixry years and in need. Thc TTU5t owns and runs Haven Court wher¢ there are nin¢ flats for kn8nts. Th¢ rents ore kept as low as p058ible and include TV lit¢nr¢s und thc servicts of a gardener and a winth)w clean¢r. Interna] and exiemai rtP8ir¥ and detIOn are carried out where nec¢55ary at the expense of the Charity. Th¢ Administrator re¢¢ives a minitxlal weekly wage now Garri¢5 Out additiott duties which used to be aTri¢d out by the Warden. Thc attxd)ed fjnonciaj statcmcnts Show the income and cxpw5¢5 of th¢ Tn]st in the year ended 31st March 2024 and the va]uatxon of assets and investments at thc ycar-end. The eotJllDittre wntinues h) monitor carefully 5uth expenditur¢ and in their opinion these stat¢ment5 show th¢ WTr$ition of thc Trust lo be Sound. Land property snd inv¢stD]ents aT¢ valued at ¢ost, altlM>ugh it is thought thai eurrcnt va]ue5 4re signific1]Y higher. The itiv¢stm¢n¢ (Th¢ National A550ciation of AIDJshouses Cottjmon Investment Fd) 8¢AaleS quarterly divid¢nd5 and togethcr with de]x)sit account inte51 and rents r¢presents the re8uiar i]Kom¢ of the Tnut. Due to xot having 8 bank A¢wunt for part of thc majority of the previous financial year. additiotlal cow havc been cxpettsed in thc current financial y¢ftr and as a re5uk thc T¢rted cxpcnses arc higher. This y¢ar has seen a Si1r1¢ant IJJ¢reae in the wag&s Costs because of this but also duc to the r¢dUndCY pay for th¢ Warden. AJh¢r impact of not having a baDk account for th¢ previous fitt9ncid year was the lleed to collect a 5ubstsntial anUnt of Rent in cash, this was partially US to pay expenses with th¢ baJAnce being paid into the new bank OWJL On rcconciling the amounl pd into th¢ a¢¢ount it wa5 identifjed thfti ihib wa5 higher than onticipated and the Trustccs are tuttently investigating why this aro¥t aDd the ¢¢1 treatment. Th¢ Jjllount is Sh(>W in the baJanc¢ shcet &s Ch Advanccd under Cmyent liabilitiC5. Thc Indcpendcni Examiners are cadWl&der & Co LLP, Chartered Accountan W¢lshpwl. CIIF P Pritrh2rd. ChAIrnJ*II OJ] behr vfthr Management Committee IOtlL FebNary202J
THE T J EVANS TRUST CHARITY STATEMEIYT OF FINANCIAL ACTIVITIES N•tes 2024 2023 RECEIFrs lllcome Receipts: Inv¢stmcDt lrtcon Rents Received 2(b) 4.654 31,170 955 27,495 Totsl R¢¢¢lpts 28 PAYMENTS Chllritable Aetlvity Dlrect Expendlturè: Provision ofproperty. Council & Water Rates Genera] Repairs & RevatiOnS Electriciiy Window Cle8ming Seeretary'5. Warden's and Gard¢n¢r's Wag&s 1.532 3.274 803 248 1218 1.377 495 24,880 7.037 Othtr Exp¢Ddityre: Post28e. Station¢ry, Advertising & Incidents]s Telephone Jfflsurance 1,674 155 1,54J 420 226 1,313 O 1923 Totsl Expenditure 8960 Net Surplus for tht Yur Fund BlanctB Brought Forward Fund Bllance C•rr5td FornTd 7.154 19.4) 159 4A4 178
THE T J EVANS TRUST CHARITY STATE AT 31- MARCH 2024 r4ot¢$ 2024 2023 FLXKD ASSETS Land and Propety at Cost trLv¢sth]¢M at Cost 2(a) 2(b) £18,154 34.693 52.847 £18,154 34.693 52,847 CURREhY ASSETS Balancvs at BgJ]k:_ CuTTent Account C&sb Ba]anct 136.733 12@057 136.733 126,057 CURREYT LIABILrrIES Creditor Cash advanced 196 3,326 3,522 TrIET ASSETS 186058 178.904 REPRESENTED BY Unrestricted JtL¢oThe FUdI General Purp05¢5 D¢5i8ryatrd Fund 133211 T8,154 126.057 18.154 R¢$trl¢t¢d In¢omt Fun Capitsl Fund 34.693 34.693 178,91M
THE T J EVANS TRUST CHARITY NOTES TO THE ACCOUNTS I. ACCOUNTINC POLICIES CeDtrAI The accOuts have bew] pred under the historic cost convention and in )¢¢A)rdance with thc Stakm¢nt of Recommended Prxtiee for Charitie& pr¢wing aTJnuoJ A¢wunts on the rIpts and payment basis. FIXED ASSETS l&l. L'sed by Charity The Irthd and buildin85 aT¢ 5howD al wst without any dcprcciation charges, as the trustees beli¢v¢ that the cwr¢ valuation of the freehold pmpcrty is higher than cosL (b). Invertment The inv¢stsrtent 1$ for h¢ld in Th¢ National Association of Almshou$ ComnM)n ]nwestment Fund. Thes¢ are 5knwn at ¢ost on the baIance shttt ajjd A dtvidend is r¢¢¢ive41 on thi5 invesment quarterty each ye4r. vvatIOnS ai th¢ b8]aTLC¢ she¢t (late.. Accumulated Fund £51,229.82. Income Units £108.448.36. SUMMARY OF NET ASSEIS BY FUNDS Unveiirtrted ReBlricttd Funds Funds DtsltThatsd Cpit Centrl Totsl Fix¢d Ass¢ts Nct Current Assets £18.154 £34.693 £52,847 £133 21 £133.211
DIDEPENDEr EXAbllNER'S REPORT TO THE TRUSTEES OF THE T J EVANS TRUST CHARITY ON THE ACCOUNfs FOR THE YEAR EfqDED 3A ' MARCH 2024 Re5PE¢tive Responsibilities Of Trvs¢tt5 and Examiner As the chwity's trustees you rGspoThsiblc for the prep8r*ion of thc arunts. you £on5ider th th¢ audit rquirement of Stlon 43{2) of ihe Charities Act 1993 (the Aet) does not apply. li is our responsibility to s¢ate. on th¢ basis of proc¢dure5 specified in the Genera] Ditectors yell by the Charity Cotwnissioners under Section 43(7)(bl ofthe A¢L wh¢th¢r particular matter5 have come ts) our altiOn. B•il$ of Ind¢pende#t ExthiDer'5 Report Our examination corricd out in aorden£t with the G¢DcraJ Directors given by the Charity Ci>mmi5sioners. An eXamin10n includc5 a review of the accourfing rccord5 kept by th¢ Charity and a comparisort of the accounts PTesentcd with those records. It a]50 1CludeS consideration of any unusual items ofdisc105UTes in the aouthts and eking explanations froTn you a5 Tru5teC5 concerning any such tJ]alters. The pmcedures underf¥&en do not provid¢ ajl the ¢vidcnce that would be requed in an audil atld consequent]y we do noi express audit opinion ott th¢ view 8iVtn b>. the acfx)un Jndependent Examiner's Stste]D¢D¢ cono¢aion with our examinatio no ]natter come to our 8ti¢n¢ion'. Which gives us r¢asonabl¢ ¢wse to believe that io any material spect th¢ Tequircments To keep accounting JWTds in aecordance with Scction 41 of the A¢t,' and To prepare accounis which acwrd with the a¢¢ouNting TeGords and to comply with th¢ u¢counting r4uiremcnts of the Act have not been mel or To which, in Ouropinio lttcntion should bc drawn in orderto ¢nable a propcrunderstsndin8 of th¢ accounts to be r¢athcd. Si¢ Cadwalladcr & Co LLP Chartered Attountant5 .agle House, 25 Severn Slreel W¢lshpooL Poirys SY217AD