. BERIIICK ALMSHOL.SES CHARITY TRUSTEES ANYUAL REPORT FOR THE YEAR 30 JUNE 2024 LEGAL AND ADMINISTRATIVE INFOILMATION l. Name The Betwick Almshouses CFtarity 2, CharAt Number 214070A13 3. Princi al Address Clo New Windsor House, Oxon Busin¢ss Park, Shrewsbury SY5 9HJ 4. Chari 's Governin Document Trust Deed dated 1968 5. Trustee5 who served durin T M Evans Ma}"'or of Sbrewsbury Cllr Gary Burchett Cllr Pam Moseley Cllr Becky Wall SCC lion]inated STC Non]inated Trustee 6. Officers and A ents a) Clerk and land agent: Alex Jackso Balfours LLP New Win(L80r House Oxon Business ParK Shrewsbury SY3 5HJ b) BaT)kers: Lloyds Shrewsbury ) Independent Examiner of the Accounts.. TCA Accountants, 21 St Mary's Street (third floor) Shrewsbury SYI IED AIMS AND ORGANISATION The object of the ch[ty is to provide accon)JnodatiOll for people of modest means from the PaTish of St Mary, Shrewsbury or from a wider area if no local applications arc received. anisation The Ck]arity is controlled by a Board ofTrustees who meets once or twice ayear. The Trustees have a Clerk and employ a Land Agent and Surveyor who chargcs for his services. His office keeps the books of the Charity and the accounts are Independently examined by a firnl of Chartered Aecountants. There is one paid employee of the ChaTily the M'arden for the Almshollses who occupy one of the houses known as the Priest House. of ChaTitabLe ActivÉties undertaken durin the Year All of the Almshouses have been occupied during the past year. The Shrewsbury Town Council has th¢ right of nomination for some of the vacancies following a substantial grant towards th¢ modernisation of the Almshouses. (A list of residents is attached at Appendix A)
REVIEW OF FINANCIAL ACTIVITIES ND AFFAtIis Most of the Almshouses have be¢n occupied throughout the year resulting in Charity income £57,924.00 from maintenance charges. tn additio £2,199.50 was received from residents for services. Bank interest and dividends amounted to £1,529.42 The TTusfre5 have made a contTibution of £2,520.00 to an extraordinary repair fund which now amounts to £68,610.00. The TCeS cany out nornMI routine maintenance each year. with the refirbi8hment and r¢d¢¢oTatioll of a proponion of the flats. This year we have had norn1 expenditure but ar¢ saving for a new garden room. Cash r¢s¢rves as at 30 June 2024 amounted to £98,327.74. Running expenses for the Cl]arity for the year have been £24,469.66 for mainteDAnce and £33,787.12 for overheads. The charity has a policy on reserves. It sets aside between 7.50/0 and IOO/o of Ats gross income for an Extraordinary Repairs Fund (ERF) which is invested with NL4CIF. In addition it ain to hold c&sh amounting to about half a year's income to allow for emergency repairs or for a sudden reduction in income due to unexpected vacancies. After that the ch8xity will build up a fund for a special project io improve the welfare of residents of the Almshouses. The annual account for the CEwity is attached at Appendix B, Chairn]an On behalf of the TnteeS
TRUSTEES OF BERWICK ALMSHOUSES CHARITY CHARITY REFERENCE NUMBER 214070 STATEMENT OF ACCOUNT8 FOR THE YEAR 1st JULY 2023 TO 30th JUNE 2024 Declaratlon The acc£)unts set out for thi% financial year, and the Statement of Assets and Lk8bilities, are as approved by the Trustees. SIGNED- Trust aulhorised lo sign on behatf of all Trustees DATE - AfthJ 2&)2> BALFOURS MARKET HOUSE MARKET STRE CRAVEN ARMS SHROPSHIRE SY7 9NN
Trustees of Thè Benyick Almshouses Balance Shg•t From- 1st July 2023 To- 30th June 2024 20 FIXED ASss Freehold Propety Property Improvements New Equipment Plant & Machinery £ 630.500.00 £ 56,661.62 5,200.00 £ 22,449.53 £ 714,811.15 £ 630,500.00 £ 23,507.02 5,200.00 £ 22 449.53 £ 681,656A5 CURRENT AssErs Lloyds TSB- Tra8surèrs A¢cwnt Debtors Control Natlonwlde Bulldlng S(Ki9ty A(xx)unt Potty Cash NAACIF- ERF Inveslmenl- at cost £ 53.369.65 709.50 £ 44.958.09 £ 89.126.44 369.50 £ 44,238.21 34.27 £ 66,090.00 £ 179,858.42 £ 68,610.00 £ 167.701.81 CURRENT LIABILITIES Cradltors Contr £ 22,584.16 £ 22.58&16 4.982.31 4982.31 Currènt As*$1gs$ Curr•nt Uabllltl8$ £ 145.117.65 £ 174,876.11 £ 859,928.80 £ 856,532.66 FUNDS HELD- UNRESTRICTED Capltal A¢count Capllal Actounl movement in the year Revenue Account Rèvenuè Accounl movgrnent in the yoar £ 705,939.13 2.520.00 £ 150.593.53 876.14 £ 703.419.13 2,520.CX) £ 135,283.72 £ 15,309.81 £ 859,928.80 £ 856,532.66
Trustees of The Benvick Almshouses Ravenue Accounts From- 1st July 2023 To- 30th June 2024 2023 12024 Unrestrlcted 2022 12023 Unrestrlcled INCOME Mainler)anc9 contribuOnS Washing Machine Tumble Drygr Guest Room Hire TV Licence Contribution Bank and Building Sodety Interest other Income £ 57.924.00 1.003.00 989.00 155.00 52.50 1.529.42 £ 55,662.00 958.00 895.00 75.00 37.50 385.13 £ 61.652.92 £ 58.012.63 MAINTENANCE Flat Repairs and Maintenance General Maintenance Misc Gardan Malntenance £ 23,511.94 613.43 344.29 11,081.83 408.48 1.409.33 £ 24,469.66 12,899.64 £ 37,183.26 £ 45,112.99 OVERHEADS Eltrctricity Sewage maintenance Insurance Water CounGil Tax TV Lic8ncing Warden's Wages Management Fees and Costs Professional Fees and Costs Subscrfptlons Advertising Miscellaneous Grarrts to Residents 1.787.14 1,348.60 3,028.60 133.48 1.273.15 1,142.00 2.970.21 1,462.69 52.50 13,666.63 7.533.95 2,643.88 407. 37.50 12.970.97 7,538.48 1,425.00 233.00 5.705.34 750.18 £ 36.307.12 £ 29,803.18 REVENUE Surplus 876.14 £ 15,309.81 CAprrAL TRANSACTIONS + Sal8 of Barclays Shares NAACIF- ERF Investment Sewage Trealment Project - Almshouse Assodallon - loan repayment - Workshop Shed 2.520.00 2.520.OD 2,520.00 2,520.00 EXCESS Surplu5 1,643.86 £ 12,789.81
CHARITY COMMISSION FOR ENGLANO ANO WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report lo the trusteesl members of 6ERuJICK ALIY)IACUSBS ITY On accounts forthe year ended 2c)ILF- Charity no Ilf any) 111¥070 Set out on pages I report to the trustees on my examination o charity I'lhe Trust'l for the year ended &> the accounts of the above 1061 LOILF Respon$lbllltle8 and As the charity trustees of the Trust. you are responsible for the pparatIOn basls of report of the accounts in accordance with the requirements of the Charities Act 20111"the Act"). I feport in respect of my examination of the Trust's accounts cairied out under section 145 of the 2011 Act and in carrying out my examination. I have followed the applicable Directions given by the Charity Commission undef section 145{5llbl of the Act. I have completed my examination. I confirm that no material matters have come to my attention I "l in connection with the examination which gives me cause lo believe that in, any material respect., accounting records were not kept in accordance wllh section 130 of the Act or the accounts do not accord wf(h the a¢¢ounting records Independent examinerfs statement I have no concems and have come aoros8 no other matters in ¢onne¢lion with the examination lo which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Pl88se dglete th8 words in the braokets ifthey do not appty. Slgned: Date: 17- 12- 2Q2 Namo: C MoÈLWy- IA)I LLlh¥MS Rolevant professional quallflcatlonlsl or body Ilf any): Address: "/c) T CCWNJTA KJTS DF OE 116T ewSBL)I SU IER October 2018
Sèctlon B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Give here brief details of any items that the examinerwlshes to dlsclose. nlo IER October 2018