REGisfERED CHARrrY NUMBEtL. 214948 rt of the Truste and Un#udited Fmallcial Ststemellts for the Year Ended 31 Detember lor Alvttbu AttwiMMIs 182 Worcester R03d Bromsgrtsve Worcestershi B617AZ
Alvethu AInose Chari Contents of the Financial Statements f rthev ecember 2023 P8ge Reference and Admini8trtlve Detlls Rep)rt of the Trnstees Independent knrniDer'5 Report ststement Orran£121 Act[vitS Balance Sheet Notes to the Fioancil StstemeDts 6 to 12 DetAiled St¢¢nJ¢yl of Aelivities 13
Alvechurcb Altll5house Chxri Reference and Administrntive Detsils for the Year Ended 31 Detember2023 TRUSTEES Mrs A Humphries (hir Mr T Thurrdl Mr M Worra]I Mr D Thotn&s (resigned 1.4241 Ms L R Helmore Mr A Bowen (appointed 24.4.24) Ms F Bowen (app)inted 24.424) Ms A English (apEM)iThted 24.424) Mss M MÈall M5 J H P(Kble PRINCIPAL ADDRESS 20 Wilktwbrook R(wJ Alvechurch Wor¢e¢[shITe B48 7PZ REGISTERED CHAIUTY NUMBER 214948 INDEPENDENf EXAMINER Akn¥ty)ds Charterd Certified Accountants 182 Worcester Ro] Br0rn58rove Wortershire B617AZ BANKERS Santsnder UK Pk Bridle R Bootl¢ L30 4GB CLERK TO THE TRUSTEES Mrs S Moxon 20 willowbrim)kRid Alve£hurch Worcestershire B48 Trz
Alvethuttb Alnjsho R¢ rt ofth Trnste¢s for tbe YeAr Ended 31 Detember20 The tn]5tee5 present their rqx>rt with the financial 5tsternerts of the dwity for the year ended 31 Dttember 2023. The twst¢es have ad¢wed the provisions of Ac£4)ut)tiThg aJMI R¢pMing by Clariti¢s.' Statement of Rewmmended PTrctice applicable to clwitie5 prepaTtng their accounts in xcordance with the Financial Reporting Standard applieable in the UK and Republic of Ireland (FRS 102) [efftiv¢ l January 2019). OWEcfivES AND ACTIVITILS Obje¢tivu and aim$ The Charity 15 COL%tttuted by Trust Deed and its obi¢LXives an the year wtte that of maintaining attd servieing th¢ almshouse properties on behaif of the residents. In order to do this the Charity collects ¢ontributiorts from the residents as %reed by the TnLStce5 to be reviewed annually. This set at £74JO wweek forthe year. The pTrlicy of the Charity remains to provide for ail ryirs atld services to the almshouse at a fair and affordable fee. The Tn del¢gat¢ the day to day responsibiltty for th¢ colleaion of conttiixllsons and payment of bills to the ACHIEVEMENf AND PERFORcE Charitable activitie5 The Trusiees ¢onsider that th¢ rforne of the Chrity this year has t¢en satisfactory aThJ confimi that assds are available and ad4uate to fulfil the obligations ofthe Charity. FINANCIAL REVIEW Finaneil position The r¢sults for the year and the financial t)$itiOn of the Charity are as Sho in the ann¢xeJ financi ststCMts. Funds re available to allow the Charity io ¢ofhtinue in oFri¢)n. Re5erve5 policy The JxTrlicy of the Charity is to hold accumulatal fimds to provide (apital for investheni which will in tswn provide fft¢ome to meet costs as tly The Charity tries to maintsin a breakeven siluation 8Dnually. &% dided by the Charity Commission. srRUCfURE, GOVERNANCE AND MANAGEMENf Governing docutnent Thechariry is ¢ontrolled by its govemingdo¢umenl adeed oftrLLSt and Lvnstiiutes an wiin¢orp)rnted charity. Trustees The TnEStees during the year utmler miew are as detsiled page l. ApTX>intment of Tnty is governed by a CIMrity Commrssion S¢heme dared 18 September 1984. The Board of Tnwees is authorised to app)int ¢O-OPtative Trusts atMI arrange for nominations from the Parish Council for nominative Trustees. The TnJ5te del¢gate the day to day wtming of the CILarity io the Hort. Treasurer and the Clerk to the TTUStees. Major iiems aTe referroj to the Trusttcs. Risk managernent The TTUStees examine the major risks that the Charity fxes when prying )d updating the aDnual budgets. The Charity has developj systems to monitor and £trol these risks to mitigate any impaL that they may hay¢ on the Charity's future. Independent examiner The independent ¢xamitL¢r, Attwoc4 will be for appOIntMt in accolda with the rules ofthe clrIty. Approvcd by orderof thE Erf)3rd 0ftre¢S on.i.S.Qoth)&r....2Lx* and $ied on ILS lthalf by.. Mrs A Humphries- Twstee
Ind dent Examinees urch Alrnshouse the TTUStee5 of Independent examitttr's report to the trustee5 of Atvechurth Aknshouse Ch#rity I reptyt io the charity trLLSte£s on my examinati( of the of Alvwhurch Almsh Charity (the TrLLSt) for the year ended 31 December 2023. Respon$ibiliti¢s b#5is ofreport As the charity tswtees of the Tru ytyj are [WlbIe fijr the preprion of the &counts in xcordance with the requirements of the Charttits Act 2011 etheAL). I rewt in respect of my examination of the TnLrfs ¥¢ounts carri i)ut under Seition 145 of th¢ Act and in carrying out tny exarnination I have followed all applicable Diredions given by the CharÈty Commission under Soxion 145(5Xb) of the Act. Independent eiaminees statement I have completed my exajnination. I confinn that rn mtsial mattets have ¢otDe to my aitention in Cot¢(10n with the ex#rninknoTh giving me c4us¢ to believe in any material re5peLt: accountin8 rOrdS wer¢ not kept in respe¢t ofthc Trust &s requir&1 by slI0n 130 ofthe A¢ or the acc{xts do not accord with those records. or the Kcounts do not comply with the applicable requirerncnts cOrKUni the fomi and content of aecounts set out in the Charities {Accounts and Re[s) Regulatiot)$ 2(K>8 other than rquirement that the accounts give a true and fatr view whi¢h ts n¢X a matter considered a5 Pdrt of an itependent ¢X2mitWion. I have no concerns and have ¢ome a¢ross no other matter5 in connection wtth the exami1110n to which attention should be drawn in this report itl orderto cnable a proper uttderst2ndiThg of the unts to be reached. Ben Newbury FCCA Athv¢>Jds Chartered Certtfied Ac¢ountants 182 WoT¢ethr Road Bromsgrove Worcestershire B617AZ Date". .1.¢>.} i.o.Iz
Alm51ustebl . ststeDTreDt of FinAknti2l Attiviti ror the Year Ended 31 December 20 31.12.23 Total funds 31.12.22 Totsl funds INCOME AND ENDOWMENTS FROM Other trading activities Investment income 41279 17244 Ilh35 5&523 13432 50.726 10.125 Total 43.1176 28179 71955 60.851 EXPENDITURE or4 Charitable activitie5 General activitLeS 2Q117 19A96 39ffi13 45,701 Netgain(I0ss¢$)O investhients 7J19 7J19 (10.336) NET INCOME Transfers between fllnds 30,478 (16.180) 39161 4.814 13 IA180 Net movement in fud$ 14298 25563 39161 4.814 RECONCILIATtOli OF FUNDS Total fiLn(Ls brought forward 2822 229,750 361172 357,358 TOTAL FiINDS CARRIED FORWARD 14&720 255J13 4033 361172 The fonn prt 0fthe fjnancial Statements
Alve£hub Almshouse Balance Sheet Deternber 20 31.12.23 Total funds 31.12.22 Total fimd5 FIXED A&SETS Tangible assets Invesonents 55380 106,148 55280 281,911 55.480 264,708 17S763 161.428 17S76J 337,191 320,188 CURRENT ASSETS D¢b¢ois Cash at bank 1766 1760 99226 4.166 74J41 22260 23254 79,732 1112.986 78.507 CREDITORS Amounts failing duewithin eye&r (4h08) (182} (4v)o) (2.3611 NET c[JRREr ASSETS 18 79550 9&196 76,146 TOTAL ASSETS LESS CURRENr LIABtLITIES I8074 255J13 43S387 396J34 CREDITORS Arnouttts falling dueafter more than one year 10 (33J54} (33J54) 134.162) NET A&SETS 1*720 255J13 402.1)33 362,172 FUNDS Unrestricted fut¥ls Restricted fund% 13 14Q720 255J13 132,422 229,750 TOTAL FUNDS 402033 361172 S c}Thkn.....Zai.gNv.... and were sId on its behatf by". Mr5 A Humphries. TTUSt¢e Mr T Thurrell- TrdeC
Iveehutth Alm$hoMse Cha Notes to the Financial Statements tbey rE 023 ACCOUNfiNG POLICIES Basis of preparing the finaDcial statejnents The financi statements of the charity, which is a wbli¢ benefit oltity under FRS 101 have been prepared in cordance with the Clwities SORP (FRS 102) 'Aceountin8 and Rep)rting by Charities.. Statement of Recommended Pjxtsce applicable to charities preparing their xcounts in accordance with the Financial RertIg Standard applicable in the UK atKI Republtc of Ireland (FRS 102) (eff#tive l January 20191,. Financi R¢pMing Sts]thrd 102 The FitwKia] Reporting Starldard applicable in the UK and Republi¢ of Irel&tkd' and the Clwitie5 Act 2011. The financial staternts have been w¢pared under the historical Cost ¢onventiotJ, with the ex¢wion of investments which are included & markd va]ue, as m(KtifJeJ by the r¢valuation of certain &ssets. Income All income is rttognised the s¢te[rt of Financial Aclivitie5 ce the charity has entitlem¢nt to the fimds, it is probable that the income will be ffceived athj the amount can be measured rdiably. Expelldilur Liabilities are recognised &$ expendtture &$ %M)n as thue is a legal or constnKtive obligation ¢Dmmrtting the Charity to th8t ¢xpenditure, ti is probable a transfer of benefits will be required in settiernent and the amount of the obligation can k me&sured reliably. Exrthditure is xcouni&l for on an accruals basis and has Fttn classified under headings aggega¢e all cost Telatr4J to the category. Where costs cannot be directly attributed to particular hcadin8s they have all{ted to actÈvities ot) a basis cot)si$t with the use of resourc¢s. T•ttgible fixed usets Depreciation is provided at the following annual rates in ¢xder to wri¢ off ea¢h asset OV its estimated useful life. Fre¢hold Property T#xtio The ctwity is exaDPt from tsx on its charitableaLlivities. Fund accounting Unffstticied fimds <an be used in accordance with the chari(tble objeL#ives atthe discretiott ofthe thtee$. Restri¢d funds can onty be led for partiorlar restricted purw within the objeL15 of the charity. Restri¢tions arise when specified by th¢ d¢MJoror when fijnds a Taised forpartt¢uiarJestrided purposes. Cy¢lt¢l r¢pirs m#ithttttn¢e The Charity h&5 e5tabli5hed a regular programme of cyclid ryirs and rnaints. Costs aT¢ Charged io the income and expenditure x¢ount in the year whith they are inojrred. Extraordinary repaiE5 Costs of extraordinary repatrs are charged to the income and exIlUre xcount in the ye4r in whith they are and light Costs are recharged at a standard rate to all residents. irresrrtttve of usage, whith a rgnised in the income and ¢xpenditwe a¢couni in the year in which Ilw are incutte¢l Investments lttvestments aw included at closing market value at the imlance shed date. Nd gwn[lO55es) on invesknents ar¢ the aggregate of realised and unr¢alised amowts atMI ar¢ stJ in the Statemeni ofFinan¢iai Activitie5. ntinued..
Alvethub Alm boose Cba Notes (o the Fitttt¢il Statements- continued for the Yegr Ended 31 OTHER TRADING ACtIVlTIES 31.1223 31.12.22 Maintenance eontributions 50,726 Contributions totailin8 £320 (2022 - £nil) w¢re voitsj foll¢)wiDg thE passing of one of the residents during the INVESTMENf INCOME 31.1223 31.12.22 Rents received Other fLxed asset inYe- Fll tkwsit account interest 500 10.459 1473 9,584 541 13A32 10.125 TRUSTEES. REMUNERATION AND BENEFrrs There were no tri. remuneNion or other betth for year etxld 31 DeMber 2023 nor for the year ended 31 De¢ember 2022. Trnstees. expen5e5 During the year, expetL%es totslling £nil {20T2 - £169) wu¢ reimburs1 to Mr M Wonall. £llil {2022 - £330) were reimbursed to Mrs A Humphries and £116 (2022- £156) wcre reimbursd to MrD Thomas. COMPARATEVES FOR THE SfATEMETr4T OF FINANCIAL ACTIVATILS fits)ds fid$ INCOME AND ENDOWMENfs FROM Other trading a¢tivities Investment income 38,767 771 11.959 9)54 50.726 10,125 Total 39538 21,313 60.851 EXPENDITURE OP4 Charitable activities Gen¢ral activities 23J31 21370 45.701 Net 8ain510055&s) on inveStmts (IOJ36) (10,3361 NET INCOMFJ(ExpEfDITURE) Trau5fer5 between fund5 5.871 (14,470) (1,0571 14.470 4,814 Net rnovement fun<L8 (85991 13.413 4,814 RECONCILIATIOY OF FUNDS Total funds brought fotivard 141.021 216,337 357,358 eolltinue..
Alvtth bouse Cha otes to he FID#n¢i*l StaterNents- continued for the Year ndtd 31 D r 2023 COMPARATIVES FOR THE STATEMENf OF FINANCIAL AcfivITIES- ¢oDtinued Unreskncted Restrict fijnds Total filnds TOTAL FUNDS CARIUED FORWARD 132.422 229,750 362.172 TANGIBLE FIXED A&SETS Freehold propetty COST At l January 2023 and 31 December 2011 60,080 DEPRECIATION At l Janu2ry 2023 Charge foryear 200 At 31 Dttember 2023 NET BOOK VALUE At 31 December2023 55380 At 31 Deccmber2022 55,480 It)clud¢d in $t or va]uatton of land atKI buildi[¥ 15 freclMTrld land of £20,O¢N) {2022 - £20.CW) whkch is not dq>reciated. The title to the freehold land is vested IÉJ th¢ oificial Custodian for Charities and relates to an ar¢a of l acK 2 rixls and 5 perches. Th¢ housing property relates to 10 almshow dwellings in Station Road, Alve¢hurch. The building5 and sundry contents oThned by the Charity ar¢ vatua for insurance pur]M)se5 at £1,000,000. FIXED ET INVESIMENTS Listed investments MARKET VALUE At l January 2023 Addiiions Revaluations 261708 9,684 7319 At 31 December2023 281911 NET B(M)K VALUE At31 December 2023 251,911 At 31 December 2ff22 264,708 Page 8 cA)ntinued...
tthwrch Almshouse Cha Notes to the FIDaDcial StstemeDts- continued forthe Y Decernber 2023 FIXED ASSET Ii¥VESTMErirs- eontiDued Costorvaiuation * 31 De¢emir 2023 is rtwe5ented by: Listed Investments Valuation in 2020 Valuation ith 2021 Valuation in 2022 Valuation in 2023 Cost {13,761) 24J23 (IOJ36) 7518 274,167 281,911 DEBTORS: AMouNfs FAtLING DUE WftHIN ONE YEAR 31.1223 31.12.22 Tra(k debtors Prepaymertts 2.766 3,097 1,069 3.760 4,166 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.1223 31.12.22 Bank loans artd overdraib (stt note 11) Trade creditors Accrued expenses 959 2551 1380 854 1,087 420 4,790 2.361 io. CREDrroRS: AMOUPITS FALLING DVE AFfER MORE THAN ONE YEAR 31.1223 31.12.22 Bank loans (see Mte I l) 33J54 34,162 ii. LOANS An analysis of the matiJTity of loans is given below. 31.1223 31.12.22 Amounts failing due within oneyear on dematKI: Housing A$lation l( 959 854 Atnounts failiTrg beh¥ttn one and two years: Housing A&8ociation losn- 1-5 yea[5 5297 4.723 Amowjts falling du¢ in m¢ than five years: Repayable by instslments.. Housing AsSl10n loan OV 5 years 2&057 29,439 Page 9 contiTLued...
Aiveth Atmsho be Firt#n¢ial Statements- continued for the Vexr Ended 31 Detem 12. SECURED DEBTS The following secured d¢bts are included wtthin crtdÉtots: 31.1223 31.12.22 34J13 35.016 The loart is secured by a fJTSt charge on catsin freehold propuli 13. MOVEMENT IN FUNDS Net movemetit fun¢l% Transfers At 31.12.23 At 1.1.23 Unrestrieted funds Gener81 fund 13L422 30.478 (11180) 14A72 RestrActed f*nds Extraordinary repair fund CycliGa] repai and maintcnance fund Heatsngatjd lighting fund 160118 67.146 1.786 A140 10040 17S763 76216 3J34 {970) 229.750 16,180 255J13 TOTAL FUNDS 361172 39161 402.13 Net Moveme in Includ in the aiwThe are a5 foll Gains and losses Movement in funds unrestricted funds General fimd 43076 120,117) 7J19 30A78 Restricted funds Extraordinary repair fitnd cyclic repaits and maintetwice fid Heating and lighting fund (880) (2920) (15,696) (970) 17244 2U79 (19896) 9J83 TOTAL FUNDS 71955 (39ffi13) 7J19 39.861 Pagc 10
Alvechurch Alm51se Chari Notes to the 9CIal Stateme illutd Year Ended 31 December2023 13. MOVEMEiYf IN FUNDS- ¢ontiBued Comwrntive5 for movement ID funds Transfers movement in fun(Ls At 31.12.22 Atl.122 Unrestricted funds Genera] fund 141,021 5.871 (14,4701 132.422 Restricted funds Extraordinary repair fund Cyclical repai[5 and maintenatKe fijnd Heating and lighting fid 157,064 57,625 1,648 (l.736} 541 138 s.4j 8,980 160,818 67.146 ,786 216J37 (1.057) 14.470 229,750 TOTAL FUNDS 357358 4.814 362,172 Comparative n¢t movement in fimd& induded an the ave are &$ follow&" It0[g Gains and losse5 M¢xTe]nent in funds Unrestrieted futtds General fund 39J38 (23J31) (IOJ36) 5,871 Restricted fllnds Extraordinary rcpair fund Cyclical repairs and maiThnat)ce fimd Heatirtg and lighting fund 8,812 541 (10.548) (1.736) 541 138 (11.822) 21 J13 {21370) (1,057) TOTAL FUFDS 60I51 (45.701) (IOJ361 4,814 A cuttent year 12 monttLS and prioryear 12 motth Combin position is as follows: Net At 31.12.23 At 1.122 in funds Unrt5tricted funds General fund 141,021 36J49 (30,6501 146,720 Restricted fuDds Extraordinary repair fitr¥J Cyclical repairs and maintenance fimd Heating and lighting fund 157,(KA 57.625 11.630 19,020 175,763 76.216 3.334 (429) 1.686 216J37 8,326 30,650 255.313 TOTAL FUNDS 357J58 44,675 402.033 contÉtLued...
AlYechuTtb Alms Cha Notes to the Trlnantixl tsternents- coDtiDued forthe Year Ended 31 Det 13. MOVEMENf IN FUNDS- contiDued A current year 12 rnontlL% atKI prior year 12 months o)mbined nct movernent in fund4 included in the aErfTrve a &% follow5: InL¥)ming Gains and losses Movement in fi]nds Unrestrieted funds General fund 81614 (43.4481 (2,817) 36J49 Restrirted funds Extraordinary r¢paii futtd Cyclical repair5 ar rnainteDance fimd Heating and lighting thnd 18,497 2.491 29204 {11.428) (1920) {27518) 7.069 (429) 1.686 50,192 (41.866) 8.326 TOTAL FUNDS 131806 (85.314) 118171 44.675 14. RELATED PARTY DISCLOSURES There were no related paty tra[w¢tiO for theyeartnded 31 Dttanber 2023. Page 12
A1vechub Almsltouse Chari Detailed St&tement of Fthxntial Arttvities forthe Year Ended 31 December21123 31.12.23 31.12.22 INCOME AfqD ENDOWMENTS Other trading 9Ctivities Maintenance contributions 50.726 Investment ineome Rents received Other fixed wei invest- Fll Deposit oUnt int¢rest 10,459 2h73 9,584 541 13,432 10,125 Total incoming resources 71.955 60.851 EXPENDtruRE Chiritxblt ¥rtivxti Wages Rates and wat Insurdnce Light and heat Administration fees Alami maint¢nance and in*n SubscriptioTh Repairs to prop Bank loan interest 2.4110 3202 1?43 IS696 329 2277 1,283 11,822 509 1.588 271 20,755 4.746 291 8517 37999 45,651 Support eosts Management Freehold prorKty 21MI 200 GDvern9nce costs A¢¢ountancy Legal fees 414 420 (570) lJ14 (1501 Totsl resources exFfnded 39.613 45.701 Net income 32J42 15,150 This p&ge does form part of th¢ ststuw fitw)cial sMellts Page 13