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2021-12-31-accounts

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SIR WALTER MONTAGUE 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

SIR WILLIAM MONTAGUE ALMSHOUSES Page 1 Registered Charity number 217261

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

RECEIPTS 2020 2021 PAYMENTS 2020 2021
Maintenance and heating 28559 29074
.		 Gas Heating 4969 4864
COIF 689 703 Electricity 642 657
RefundTVLicence 15 TVLicence 15 -
Overpayment on bins 7 Water Rates 3868 3942
TOTAL RECEIPTS 29270 29777 Repairs & Decoration 1266 932
Electrical&Plumbing 1489 92
Insurance 1410 1447
AlmshouseAssociation 361 -
Christmas Gifts NIL 169
Fire Protection 113 460
Audit 50 60
Stationery, phone etc 718 170
Refund of maintenance
charge		 278
Advertising NIL
Honorarium 3000 3858
Refurbishment 8020 32510
Gas Boiler service & Care
Plan
597		 423
Petty Cash 229 -
TOTAL PAYMENTS 27025 49584
EXCESS REC/PAY 2245 19807
- TOTAL RECEIPTS 29270 29777

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 2021 (with comparisons for 2020) Analysis of movement in funds 2020 2021

Balance1st January 60911 63398
BalanceMoneyManager 1st January 10 10
63408
Outstanding cheques cleared 182
Outstanding chq 100922 from 2020
cancelled £60
Sub total 60921 63226
Excess of receipts/payments 2245 19807
C/FWD 63166 43419
Balance 31stDecember 63398 43409
Balance Money Manager 31stDecember 10 10
63408 43419
Outstanding cheques 242
63166 43419
Cyclical Repair Fund–Restricted Fund
Balance1st January 17279 17403
Interest earned 124 2
Balance 31stDecember 17403 17405

Approved on behalf of the Trustees

Registered Charity Number 217261

STATEMENT OF ASSETS AND LIABILITIES For the year ending 31[st] December 2021 (with comparisons for 2020)

Cash at bank and investments at market value

2020 2021

2020 2021 2021
Total Restricted
Fund		 Unrestricted
Fund
63398 HSBCoperating account 43409 43409
10 HSBCBusiness Manager 10 10
92 Petty Cash nil nil
17403 Cyclical Repair Fund
National Savings Bank		 17405
17405
299140 The National Association of Almshouses
COIF Accumulation units – extra ordinary
1450.77 unitsat marketvalue
repair		 351338 351338
23885 CharitiesOfficial Investment
Fund Income Units		 No
of
Units		 Market
Value		 27289 27289
Miss Mary Gillatt 600.77 12338
VHuntingfordMorgan 347.00 7126
Walter Clifford Thomas 232.00 4765
Mary Burr 149.00 3060
TotalCOIF Income units 1328.77 27289
403928 439451 368743 70708

Tangible Fixed Asset

Land situated at the north end of St. Mary Street Chepstow with Almshouse building thereon - insured value £655,064 ( 2020 £639,014)

Approved on behalf of the Trustees

SIR WALTER MONTAGUE ALMSHOUSES Page 4 Registered Charity Number 217261

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

  6. (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

SIR WALTER MONTAGUE ALMSHOUSES Page 5 TRUSTEES’ ANNUAL REPORT Registered Charity Number 217261 31[st] December 2021

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 A Griffith Mr Martin Somerville Mr M Lepeltier

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 £55,604 (16.33%) compared to an increase in 2020 of £55,606 (9.86%)

Other information

In total , units were unoccupied for a total of 49 weeks while refurbishments were carried out on four units

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 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:

which gives me reasonable cause to believe that in any material respect the requirements

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