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2021-12-31-accounts

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THOMAS POWIS ALMSHOUSES TRUSTEES ANNUAL REPORT and ACCOUNTS

For the year ended 31[st] December 2021

Receipts and Payments Account Page 1 Analysis of Movement in Funds Page 2 Statement of Assets and Liabilities Page 3 Accounting Policies Page 4 Trustees Annual Report Page 5

THOMAS POWIS ALMSHOUSES Page 1 Registered Charity number 217260

RECEIPTS AND PAYMENTS ACCOUNT4

For the year ended 31[st] December 2021 (with comparisons for 2020)

RECEIPTS 2020 2021 PAYMENTS 2020 2021
Maintenance &
heating		 23129 25555 Gas heating 2739 3787
COIF 3144 3206 Electricity 257 558
NAACIF Income
Units		 1505 1419 TV Licence 15 38
Sub total 27778 30180 Water Rates 2844 2898
Repayment of Xmas
Gift		 18 Repairs & Decoration 1544 3094
Reimbursment
from SSAFA		 600 Electrical & plumbing 1200 300
TOTAL
RECEIPTS		 28396 30180 MCC Waste bags 18 -
Garden Maintenance 203 341
Insurance 2146 2201
Sermon Church In
Wales		 - -
Almshouses Assoc 361 -
Carmichael Gifts NIL -
Christmas Gifts NIL 161
Fire Protection 325 199
Audit 50 60
Advertising
Honorarium 2996 3858
Overpayment rent
MCC		 199 -
Stationery, phone etc 490 160
Gas annual service &
Care Plan		 410 615
Refurbishment of flats 16763 60
Pettycash 129 180
TOTAL PAYMENTS 32689 18510
EXCESS REC/PAY 4293 11670
TOTAL RECEIPTS 28396 30180

Approved on behalf of the Trustees

Chairman: ……………………………………. Date:……………………………………

THOMAS POWIS ALMSHOUSES Page 2 Registered Charity Number 217261

MOVEMENT IN FUNDS

For the year ended 31[st] December 2021 (with comparisons for 2020)

Analysis of movement in funds 2020 2021

Balance 1stJanuary 57457 53417
Outstandingcheque cleared 132 385
Sub total 57325 53032
Excess of receipts/payments 4293 11670
C/FWD 53032 64702
Balance 31stDecember 53417 64702
64702
Outstandingcheque 385
C/FWD 53032

Cyclical Repair Fund – Restricted Fund

Cyclical Repair Fund – Restricted Fund
Balance 1stJanuary 2289 2306
Interest earned 17
Balance 31stDecember 2306 2306
- |

Approved on behalf of the Trustees

Chairman………………………………….. Date ……………………………

THOMAS POWISALMSHOUSES Page 3 Registered Charity Number 217261

STATEMENT OF ASSETS AND LIABILITIES

For the year ended 31[st] De3cember 2021 (with comparisons for 2020)

Cash at bank and investments at market value

2020 2021

2020 2021 2021 2021 2021
Total Restricted
Fund		 Unrestricted
Fund
53032 Barclays Bank operatingaccount 64702 64702
9 PettyCash nil nil
2306 Cyclical Repair Fund
National Savings Bank		 2306 2306
68790 The National Association of Almshouses
Accumulation units – extra ordinary repair fund		 77852 77852
35966 Income Units Miss F Williams Legacy 39205 39205
108984 CharitiesOfficial Investment
Fund Income Units		 N o
o f
Units		 Market
Value
Undesignated fund 3520.15 7229 3
John Hylton Watts 779.60 1601 0
S.I. 486.77 999 7
Miss M Gillat 436.09 895 6
J M Curre 402.00 825 6
Carmichael Bequest 268.00 550 4
Trevor Jenkins - gift 170.26 349 7
Total COIF Investment 12451 3
124513 124513
269087 308578 77852 230726

Tangible Fixed Asset

Land situated at Bridge Street Chepstow with Almshouse building thereon - insured value £1193,679 ( 2020 £1,164,432)

Approved on behalf of the Trustees

Chairman…………………………………… Date…………………………..

THOMAS POWIS ALMSHOUSES Page 4 Registered Charity Number 217260

ACCOUNTING POLICIES

Year ended 31[st] December 2021

  1. The accounts have been prepared under the historical cost basis as modified by the revaluation of investments and in accordance with the Charities (Accounts and Reports) Regulation 1995

  2. Income and expenditure has been dealt with on a cash basis

  3. Legacy income is reported on a cash basis and recorded when notified and remitted to the Charity

  4. Investments arising from bequests are recorded at market value at the financial year end

  5. Under section 41(1) of the Charities Act 1993 (as amended) the Trustees shall ensure that accounting records are kept in respect of the charity which are sufficient to show and explain all the charity’s transactions and to

(a) disclose at any time, with reasonable accuracy, the financial position of the charity

and

(b) enable the Trustees to ensure that where any statements of accounts are prepared by them under section 42(1) and (3) those statements comply with the requirements of regulations under that provision

THOMAS POWIS ALMSHOUSES Page 5 Registered Charity Number 217260

The Charity constituted by a body of trustees operates under a Charity Commission scheme dated 7[th] March 1961 and provides eight rented accommodation units for persons who have resided in the Parish of Chepstow for not less than three years and so far as practical one half of the Almspeople shall be men and one half women.

The body of Trustees totaling eight shall consist of one ex-officio member who shall be the Vicar of the Ecclesiastical Parish of Chepstow and seven co-optative trustees who shall be persons residing or carrying on business in or near the parish of Chepstow and be appointed for a term of five years.

The names of the Trustees who served during the period Jan1[st] 2020 to December 31[st] 2021 were:

The Rev. P Averay Mrs V Evans Mr A Griffith Mr M LePeltier Cllr D Dovey Mr K Higgs Mrs N Shaw Mrs N Colley-Priest Mr Martin Somerville

The address of the Charity is: The Vicarage, 25 Mount Way, Chepstow, Monmouthshire. NP16 5NF

Financial and operating information

The market value of investments at 31[st] December 2021 increased by £ £27,830 (12.88%) compared with the increase in 2020 which was £1431 (0.5%)

Other information

All units were occupied for the whole year

Bank

Barclays Bank Plc, Beaufort Square, Chepstow, Monmouthshire. NP16 5XL

Independent Examiner

Mr P Bennett, 22 Clearview, Shirenewton, Monmouthshire

On behalf of the Trustees

Chairman…………………………………………. Date:………………….

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THOMAS POWIS ALMSHOUSES

I report on the accounts of the Charity for the year ended 31[st] December 2021 which are set out in pages 1 to 4

Respective responsibilities of the 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 (as amended) (the Act) does not apply. It is my responsibility to examine the accounts (under section 43(3) (a) of the Act and state on the basis of procedures specified in the General Directions given by the Charity Commission under section 43(7)(b) of the Act, whether particular matters have come to my attention

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a revue 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 explanation 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 I do not express an audit opinion on the view given by the accounts

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act (as amended)

have not been met, or

2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached

…………………………………………….. Date:……………………………

Mr P Bennett 22 Clearview Shirenewton Monmouthshire