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# **SIR WALTER MONTAGUE ALMSHOUSES TRUSTEES ANNUAL REPORT and** 

**ACCOUNTS For the year ended 31[st] December 2022** 

**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 2022 (with comparisons for 2021)** 

|**RECEIPTS**|**2021**|**2022**|**PAYMENTS**|**2021**|**2022**|
|---|---|---|---|---|---|
|Maintenance and heating|29074|35010|Gas Heating|4864|4488|
|COIF|703|722|Electricity|657|1847|
|Gas refund|-|313|TV Licence|-|-|
||||Water Rates|3942|4185|
|TOTAL RECEIPTS|**29777**|**36045**|Repairs & Decoration|932|3182|
||||Electrical & Plumbing|92|180|
||||Insurance|1447|1540|
||||Almshouse Association|-|187|
||||Christmas Gifts|169|100|
||||Fire Protection|460|-|
||||Audit|60|60|
||||Stationery, phone etc|170|183|
||||Refund of maintenance<br>charge||-|
||||Advertising||-|
||||Honorarium|3858|3843|
||||Refurbishment|32510|6259|
||||Gas Boiler service & Care<br>Plan|<br>423|-|
||||Bank charges||63|
||||**TOTAL PAYMENTS**|**49584**|**26117**|
||||**EXCESS REC/PAY**|**19807**|**9928**|
|-|||**TOTAL RECEIPTS**|**29777**|**36045**|



## **Approved on behalf of the Trustees** 

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



|**SIR WALTER MONTAGUE ALMSHOUSES**<br>**Registered Charity Number 217261**<br>**MOVEMENT IN FUNDS**<br>**For the year ended 31st December 2022**<br>**(with comparisons for 2021)**<br>Analysis of movement in funds**2021**|**SIR WALTER MONTAGUE ALMSHOUSES**<br>**Registered Charity Number 217261**<br>**MOVEMENT IN FUNDS**<br>**For the year ended 31st December 2022**<br>**(with comparisons for 2021)**<br>Analysis of movement in funds**2021**|**Page 2**<br>**2022**|
|---|---|---|
|Balance 1stJanuary|63398|43409|
|Balance Money Manager 1stJanuary|10|10|
||**63408**|**43419**|
|Outstanding cheques cleared|182||
||||
|Sub total|**63226**|**43419**|
||||
|Excess of receipts/payments|19807|9928|
|**C/FWD**|**43419**|**53347**|
||||
|Balance 31stDecember|43409|53337|
|Balance Money Manager 31stDecember|10|10|
||**43419**|**53347**|
|Outstanding cheques|||
||**43419**|**53347**|



|Cyclical Repair Fund–Restricted Fund|||
|---|---|---|
|Balance 1stJanuary|17403|17405|
|Interest earned|2|16|
|Balance 31stDecember|**17405**|**17421**|
||||
||||



## **Approved on behalf of the Trustees** 



## **Registered Charity Number 217261** 

## **STATEMENT OF ASSETS AND LIABILITIES For the year ending 31[st] December 2022 (with comparisons for 2021)** 

Cash at bank and investments at market value 

**2021                                                 2022** 

|**2021**||**2022**|**2022**||||||
|---|---|---|---|---|---|---|---|---|
|||||||**Total**|**Restricted**<br>**Fund**|**Unrestricted**<br>**Fund**|
|43409||**HSBC**operating account||||53337||53337|
|10||**HSBC**Business Manager||||10||10|
||||||||||
|17405||**Cyclical Repair Fund**<br>National Savings Bank||||17421|17421||
|351338||**The National Association of Almshouses**<br>COIF Accumulation units – extra ordinary<br>1450.77 units at market value||<br>repair<br>||319732|319732||
|27289||**CharitiesOfficial Investment**<br>**Fund Income Units**|**No**<br>**of**<br>**Units**|**Market**<br>**Value**||24117||24117|
|||Miss Mary Gillatt|600.77|10904|||||
|||V Huntingford Morgan|347.00|6298|||||
|||Walter Clifford Thomas|232.00|4211|||||
|||Mary Burr|149.00|2704|||||
|||Total COIF Income units|1328.77|24117|||||
|**439451**||||||**414617**|337153|77464|



## **Tangible Fixed Asset** 

Land situated at the north end of St. Mary Street Chepstow with Almshouse building thereon - insured value £717,821 **(** 2021  £655,064) 

## **Approved on behalf of the Trustees** 

## **Loss of £34,778 on COIF shares** 



**SIR WALTER MONTAGUE ALMSHOUSES                               Page 4 Registered Charity Number 217261** 

## **ACCOUNTING POLICIES** 

## **Year ended 31[st] December 2022** 

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 



## **SIR WALTER MONTAGUE ALMSHOUSES                                 Page 5 TRUSTEES’  ANNUAL REPORT Registered Charity Number 217261 31[st] December 2022** 

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] 2021 to December 31[st] 2022 were: The Rev. P Averay                               Mrs Verena Evans                                          Mr K Higgs Mrs N Shaw                                         Mrs N Colley-Priest                                        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 2022 decreased by £34778 (9.1%) compared to an increase in 2021 of  £55604 (16.33%) 

## **Other information** 

Units were fully occupied 

## **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 2022 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