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## **SIR WALTER MONTAGUE ALMSHOUSES TRUSTEES ANNUAL REPORT and ACCOUNTS For the year ended 31[st] December 2020**
**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**
## **SIR WILLIAM MONTAGUE ALMSHOUSES Page 1 Registered Charity number 217261**
## **RECEIPTS AND PAYMENTS ACCOUNT For the year ended 31[st] December 2020 (with comparisons for 2019)**
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RECEIPTS 2019 2020 PAYMENTS 2019 2020
Maintenance and 28137 2855 Gas Heating 3757 4969
heating 9
COIF 675 689 Electricity 591 642
Refund TV Licence 15 TV Licence 22 15
Overpayment on bins 7 Water Rates 3800 3868
TOTAL RECEIPTS 2881 2927 Repairs & Decoration NIL
2 0 1266
Electrical & Plumbing 2337 1489
Insurance 1443 1410
Almshouse Association 170 361
Christmas Gifts 80 NIL
Fire Protection 371 113
Audit 50 50
Stationery, phone etc 235 718
Refund of maintenance 272 2
charge 78
Advertising NIL N
IL
Honorarium 3673 3000
Refurbishment 80
20
Gas Boiler service & 501 597
Care Plan
Petty Cash 229
TOTAL PAYMENTS 17302 27025
EXCESS REC/PAY 2245
11510
-
TOTAL RECEIPTS 28812 29270
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## **Approved on behalf of the Trustees**
## **Chairman ………………………………………….. Date**
**…………………………..**
**SIR WALTER MONTAGUE ALMSHOUSES Page 2 Registered Charity Number 217261**
**MOVEMENT IN FUNDS For the year ended 31[st] December 2020 (with comparisons for 2019)**
Analysis of movement in funds **2019 2020**
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Balance 1 [st] January 49401 60911
Balance Money Manager 1 [st] 10 10
January
Outstanding cheques cleared
Sub total 49411 60921
Excess of receipts/payments 11510 2245
C/FWD 60921
63166
Balance 31 [st] December 60911 63398
Balance Money Manager 31 [st] 10 10
December
60921 63408
Outstanding cheques NIL 242
60921 63166
Cyclical Repair Fund – Restricted Fund
Balance 1 [st] January 17142 17279
Interest earned 124
137
Balance 31 [st] December 17279 17403
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## **Approved on behalf of the Trustees**
**Chairman ………………………………………………….. Date**
**………………………**
**SIR WALTER MONTAGUE ALMSHOUSES Page 3 Registered Charity Number 217261**
## **STATEMENT OF ASSETS AND LIABILITIES Cash at bank and investments at market value**
**2019 2020**
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Total Restric Unrestrict
ted ed Fund
Fund
60911 HSBC operating account 63398 63398
10 HSBC Business Manager 10 10
NIL Petty Cash 92 92
17279 Cyclical Repair Fund 17403 17403
National Savings Bank
27240 The National Association of Almshouses 29914 299140
0 COIF Accumulation units – extra ordinary 0
repair
1450.77 units at market value
22443 CharitiesOfficial No of Marke
Investment Fund Units t
Income Units Value
Miss Mary Gillatt 600.7 10799
7
V Huntingford Morgan 347.0 6238
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0 23885 238
Walter Clifford Thomas 232.0 4170 85
0
Mary Burr 149.0 2678
0
Total COIF Income 23885
units
3730 4039 316543 87385
43 28
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## **Tangible Fixed Asset**
Land situated at the north end of St. Mary Street Chepstow with Almshouse building thereon - insured value £639,014 **(** 2019 £626,463)
## **Approved on behalf of the Trustees**
**Chairman ………………………………………………….. Date**
**………………………...**
**SIR WALTER MONTAGUE ALMSHOUSES Page 4 Registered Charity Number 217261**
**ACCOUNTING POLICIES Year ended 31[st] December 2020**
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
(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
## **SIR WALTER MONTAGUE ALMSHOUSES Page 5 TRUSTEES’ ANNUAL REPORT Registered Charity Number 217261 31[st] December 2020**
The Charity constituted by a body of trustees operates under a Charity Commission scheme dated 6[th] June 1958 and provides ten rented accommodation units for persons who have resident in the Parish of Chepstow or Llanmartin.
The body of Trustees totaling seven shall consist of three ex-officio member who shall be the Vicar and Churchwardens of the Ecclesiastical Parish of Chepstow and four nominative Trustees, two appointed by the Urban District Council of Chepstow and two who shall be persons residing or carrying on business in the County of Monmouthshire
Each appointment shall be made for a term of four years
The names of the Trustees who served during the period Jan1[st] 2020 to December 31[st] 2020 were:
The Rev. P Averay Mrs Verena Evans Cllr D Dovey Mr K Higgs Mrs N Shaw Mrs N Colley-Priest Mr M Lepeltier Mr A Griffith
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 2020 increased by £30793 (9.86%) compared to an increase in 2019 of £52050 (20.01%)
## **Other information**
One unit was empty for nine weeks for refurbishment.
## **Bank:**
HSBC. 12 Beaufort Square, Chepstow Monmouthshire NP16 5XJ
## **Independent Examiner:**
Mr P Bennett, 22 Clearview, Shirenewton
**On behalf of the Trustees**
**Chairman …………………………………………….. Date:**
**…………………….**
## **INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF SIR WALTER MONTAGUE ALMSHOUSES**
I report on the accounts of the Charity for the year ended 31[st] December 2020 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:
which gives me reasonable cause to believe that in any material respect the requirements
a) to keep accounting records in accordance with section 41 of the Act (as amended)
and
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