LLEWELLYN ALMSHOUSES
FINANCIAL STATEMENTS
FOR THE PERIOD I APRIL 2024TO 31 MARCH 2025

Llewellyn Almshouses Financial Statements
Year ended 31 March 2025
CONTENTS
Page
Legal & Administrative Information
Report of the Trustees
Independent Examiner's Report
Statement of Comprehensive Income
statement of Financial Posltlon
Statement of Changes in Reserves
Statement of Cash Flow
Notes to the Accounts
10-20
Notes not forming part of the Financial Statements..
Detailed income and expenditure account
21

Llewellyn Almshouses Financial Statements
Year ended 31 March 2025
LEGAL AND ADMINISTRATIVE INFORMATION
Trustee5:
Councillor A Lodwig (Chairman)
Councillor W Carpenter
Cour>cillor T. Bowen
Canon. David Watkins
Rev. Lynda Newman (Rector of parish of Neathl
Cerys Lewis Rosser (appointed 09.12.20241
The trijstees delegate the day-to-day management of the property to Tai Tarian Limited.
Charity No:
218821
Address ol Charlty:
Leonard Street,
Neath.
(Admifiisteied by Tai Tarian Limltedl
Independent Ex?mlner:
WBV Limited
Chartered Accountants
Statutory Auditors
Woodfield House
Castle Walk
Neath
SAII 3LN
Bankers:
Lloyd5 Bank PIC
Neath

Llewellyn Almshouses Financial Statements
Year ended 31 March 2025
REPORT OF THE TRUSTEES
The Trustees present their report tO8ether wlth the financial statements of the Charity for the period
l April 2024 to 31 March 2025.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng Document
Llewellyn Almshouses was established under a deed dated 24 December 1897. It was registered wit
the Charity Commlssion on 10 September 1974.
The activities of the Llewellyn Almshouses are controlled by a Board of Trustees. The Board meet on
a regular basis to ensure the smooth running of the organisation. Decisions regardin8 the
management of the Llewellyn Almshouses are made by the Trustees.
OBJECTIVES AND ACTIVITIES
Llewellyn Almshouses is a non-profit making organisation engaged in the provision of social housing
at their premises in Leonard Street, Neath.
The primary objective of the organlsation is to provide houslng for single women and wldows over the
age of 45 years.
ACHIEVEMENTS AND PERFORMANCE
Total income for the period wa5 £60,99712024'. £59,259). The surplus for the year was £6,91412024:
£5,837) before the revaluation of investments. After the revaluation the surplus was £10,64812024:
Surplus £8,494).
The accumLtlated free reserves at the end of the year amounted to £90,14812024: £90,206) and
designated reserves amounted to £95,68512024.. £84,979).
In 2025 occupancy levels were much lower than 2024 Idue to flat 6 being empty for the malorlty of
the yearl. This increases the loss of rental Income as a result of volds in the period was £11,34912024'.
£6,690>, a5 well as increasing costs such a5 Council Tax £2,04412024.. £1,413).
PRINCIPAL RISKSAND UNCERTAINTIES
The main rlsk faced by Llewellyn Almshouses relates to the age of the bullding from which it operates
and the need to mairFtain the standard of accommodation provided.
The trustees have undertaken a rigorous programme of updating and improvement over recent years
and ensure that regular Inspections of the premises are carrled out. A programme of routlne and
cycllcal maintenance is maintained.
Such action reduces the risk of signlficant unforeseen work and expendlture from arisir)g.

Llewellyn Almshouses Financial Statements
Year ended 31 March 2025
REPORT OF THE TRUSTEES
PUBLIC BENEFIT
The trustees have given due regard to public benefit and consider that e8ch of the attivltles that the
charity is engaged in helps promote the aims of the charity in respect of improving the condltlons of
life of the tenants of Llewellyn Almshouses.
FINANCIAL REVIEW
It is the pollcy of the Llewellyn Almshouse5 to maintain unrestricted funds, which are its free reserves.
The Trustees have designated part of its reserves and earmarked them for a particular purpose such
as extraordinary repairs and cyclical maintenance. Such designated reseNes are part of unrestricted
reserves.
Where funds are received that have speclflc restrictlons attached to thelr use they are treated as
restricted reserves and are not free reseTves.
Further explanation is given in the accounting policies on pages 10-13.
ACCOUNTING PERIOD
The financial statements have been prepared for the 12-month period ended 31 March 2025. The
comparable figures as of 31 March 2024 also reflect a 12-month perlod.
POST BALANCE SHEET EVENTS
There have been no events since the financial year-end that have had a slgnlflcant effect on the
financial position,
RESPONSIBILITIES OF THE TRUSTEES
The Trustees are responsible for preparing the report and financial statements In accordance wlth
applicable law and regulations.
The Trustees are required to prepare financlal statements foreach financial year which give a true and
fairview of the position of the registered social landlord and of the surplus or deficlt of the registered
social landlord for that period. In preparing those financial statements they are requlred to..
select suitable accounting policies and then apply them consistently.
make judgements and estimates that are reasonable and prudent.
state whether applicable accounting standard5 have been followed, subject to any material
departures disclosed and explained In the financial statements,. and
prepare the financial statements on a going concern basis unless it is inappropriate to
presume that the registered social landlord will continue in business.

Llewellyn Almshouses Financial Statements
Year ended 31 March 2025
REPORT OF THE TRUSTEES
The Trustees are responsible for keeping proper accounting records which disclose wlth reasonable
accuracy at any time the flnancial position of the registered social landlord to enable it to ensure that
the financlal statements comply with the Tfu5t Deed, The Housin8 and Regeneration Act 2008 and The
Accounting Requirements for Registered Social Landlords General Determination (Wales) 2015. They
ore also responsible for safeguarding the as5et5 Of the registered social landlord and hence for taklng
reasonable steps for the prevention and detectlon of fraud and other irregularitles.
FOR AND ON BEHALF OF THE TRUSTEE5
Councillor A Lodwlg
CHAIRMAN
Date: ....

Llewellyn Almshouses Financlal Statements
Year ended 31 March 2025
STATEMENT OF COMPREHENSIVE INCOME
2fi25
2024
Note
Turnover
55,073
Grants received
Operatlng expendilure
Operatlng Surplus / (Deflcltl
Profit on the sale of Investments
154.0831 153,4231
1,650
Interest receivable and other Income
4,186
Movement in falr values of investments
2,658
Surplus I (Defleltl before taxatlon
10,648
8,494
TaxatSon
Surplus l {Deflclt) for the year
8,494
The results relate wholly to continuing activities of the entity.
The income and expenditure account was approved by the Trustees on:
Signed on behalf of the Trustees
.Trustee/Chairman
Cllr A Lodwlg
rustee
Cllr Tim Bowen

Llewellyn Almshouses Financial Statements
Year ended 31 March 2025
ACCOUNTANTS, REPORT TO THE BOARD ON THE UNAUDITED
ACCOUNTS OF LLEWELLYN ALMSHOUSES
We report on the accounts for the year ended 31 March 2025 set out on pages 6 to 20.
RespectSve responsibilitles of the board and the Independent reportlng accountant
The Board of Llewellyn Almshouses 15 responsible for the preparation of the accounts, and they
consider that Llewellyn Almshouses is exempt from an audlt. It is our responsibillty to carry out
procedures designed to enable us to report our opinion.
Basls of oplnlon
Our procedures consisted of comparing the account5 Wlth the books of account kept by Llewellyn
Almshouse5 and making such limiled enquiries of the officers of Llewellyn Almshouses as we
tonsidered necessary for the purpose of this report. These procedures provide the onty assurance
expressed in our opinion.
Opinlon
In our opinion:
the accounts for the year ended 31 March 2025 are ill accordance with the accounting
records kept by Llewellyn Almshouses under paragraph 13512llal of the Housing and
Regeneration Act 2008.
havlng regard only to, and on the basis of, the information contalned in the accounting
records..
the accounts complywith the requirements ofthe Charitie5 Act 2011.
Llewellyn Almshouses has satlsfied the condition for exemption from an audit of the
accounts forthe year ended 31 March 2025 specifted in section 136161 ofthe Housing and
RegeneratSon Act 2(X)8,'
the accounts compty with the ￿quirementS of the Housing Regeneration Act 2008 and the
Accounting Requirements for Registered Social Determination (Wales) 2015.
WBV Limited
ICAEW
Chartered Accountants
Woodfleld House
Castle Walk
Neath
SAII 3LN
Date..

Llewellyn Almshouses Flnancial Statements
Year ended 31 March 2025
STATEMENT OF FINANCIAL POSITION
2025
2024
FSxed 055et5
Noto
Housing propertie5
Less SHG
229.979
232.253
{22L153j 1221.1531
Plant and Equipment
8A25.
11,100
Current assets
Debtors
io
2,776
116,333
71.545
190.654
Inve5ttnents
I .120.200
77,096
Cash and cash equlwdlent5
Creditors.. amounts falllng due within one year
12
118,3901 121,7711
Net current assets
18L805"
168,8B3
Total assets less current Il#bllltle$
190,631
179.983
Net a￿t$
190,631
179.983
Capltal and rÈsÈrve$
Exchequer Contribuilons Endowfflent Fut
Income and Expenditu￿ Reserve
Designaled ReseNes
Total copII?l and rèserves
4.'798
4,798
90,206
84.979
179.9B3
13
95.685
190,631
These financial statements were approved and authorised for Issue by the Trustees on:
Slgned on behalf of the Trustees:

Llewellyn Almshouses Financial Statements
Year ended 31 March 2025
STATEMENT OF CHANGES IN RESERVES
InEome &
Expendltvie
Reserve
Deslgnated Endowmenl
Reserves
Fund
2025
2024
At beglnnlng ol yeaT
90,206
84,979
4.798
179,983 171,489
Surplus I (Deflcitl lor the year
10,648
10.648
8.494
Trafi5le￿ between reseNes
110,7051
10,705
At 31 March 2025
90,148
95.585
4,798
190,631 179,983
Further detail on the reseNe movements can be seen in the notes to the accounts.

Llewellyn Almshouses Financlal Statemonts
Year ended 31 March 2025
STATEMENT OF CASH FLOW
.2025
2024
Note
Nel tash 8enerated from operating activlties
16
17.470
Cash flow from Inve5tlng actlvltle5
Interest recetved
140
Dividends receSved
4,046
Proceeds of sale of investments
Purchase of Investments
11301
Net cash flow from Invesilng actlvltles
4,056
Net Increase In cash and cash eouivalents
21,526
Cash and cash equlvalents at beginnin8 ol year
50,019
Cash and cash equlvalent5 at 31 March 2025
71.545
Cash and cash equlvalents conslsts of¥
Cash at bank and in hand
Cash and cash equlvolents at 31 March 2025
71,545
71.545
77,1196

Llewellyn Almshoiises Flnanclal Statements
Year ended 31 March 2025
NOTES TO THE FINANCIAL STATEMENTS
SUMMARY OF SIGNIFICANT PRINCIPAL ACCOUNTING POLICIES
General Informatlon and Ba51s of Pre aratlon
Llewellyn Almshouses is a private reglstered provider of social housing in the Unlted Kingdom. The
address of the registered office is given in the iriformation on page l of these financial statements.
The nature of its activltles Is explained in the Trustees Report on page 2.
Llewellyn Almshouses constitutes B public benefit entity as defined by FRS 102.
The financlal statements have been prepared in accordance with applicable accounting stanclards,
Including Financlal Reporting Standard 102. The Financial Reporting Standard Appllcable in the UK and
Republic of Ireland IFRS 1021. the Statement of Recommended Practice for Soclal Housing providers
2018 and with the Accounting Requlrements for Registered Social Landlords General Determination
IWales12015. The financial statements are also prepared under the requirements of the Houslng and
Regeneiation Act 2008. The financial statements have been prepared on a going concern basis under
the historical cost conventlon, modified to inclL>de certain items at fairvalue. The financial statements
are prepared in sterling, which is the functional currency of the Llewellyn Almshouses and rounded to
the nearest £.
The significant accounting policies applled in the preparatlon of these financial statements are set out
below. These pollcies have been consistently applied to all years presented unless otherwise stated.
Llewellyn Almshouses adopted the SORP In the current year.
social Housln Grant
SHG
SHG received as a grant towards revenue expenditure Is matched against that expenditure by belng
Included in turnover in the income and expenditure account. The related expenditure is included
under operatlng costs. SHG is recoEnised in the same period as the related expenditure provided the
conditions for Its receipt have been satisfied and there is reasonable assurance that the grant will be
received.
Where SHG is received 3s a contribtjtion towards the capital Costs of a scheme and the propertie5 are
Included at historical cost, the total grant receivèble is deducted from the cost of housing propertie5.
SHG can be recycled under certain conditions, if 8 property is sold, or if another relevant event takes
place. In these cases, the SHG can be used for projects approved by the Houslng Corporation. SHG to
be recycled Is credited to the Recycled Capital Grant Fund/DIsposal Proceeds Fund within creditors.
When any SHG to be recycled or repaid is less than the SHG relating to the disposal, the difference is
treated as abated SHG. Abated SHG is treated as a component of the surplus or deflcit on disposal.
SHG recelved and not matched by development expenditure or relevant expenditure in the Income
and expendlture account 15 included in current liabillties. The amount of SHG In advance is calculated
by reference to the aggregate of all schemes in the SHG funded development programme.
io-

Llewellyn Almshouses Financial Statements
Year ended 31 March 2025
NOTES TO THE FINANCIAL STATEMENTS
PRINCIPAL ACCOUNTING POLICIES
CONTINUED
Where malor repairs are funded by grants, the grants are accounted for elther in the balance sheet or
in the income and expenditure account depending on whether the major repair Is a capit31
arrangement or a revenue repair item respectlvely.
In certain clrcumstances. SHG may be repayable, and, in that event, is a subordlnated debt and is
accounted for as soon as the liability arlses within creditors- amounts falling due within one year.
Government
rants
Government grants, or grants from other government like organisations are received in respect of
certain repair projects.
Government grants received as a contribution to revenue expenditure are recognlsed in the statement
of comprehensive income on a systematic basis over the period in which the landlord recognises the
related costs for which the grant is intended to compensate. The related expenditure is Included
under administrative expenses. Grants are recognlsed in the same period as the related expenditure
provided the conditions for receipt have been satisfied and there is reasonable assurance that the
grant will be received.
Works to Exlstln
Housln
Pro
erties
Expenditure on housing properties which results in an enhancement of economic benefits of the asset
such as an increase in the net rental stream over the life of the property is capitalised.
Improvements to property that relale to assets that have a separately identifiable life to the propertv
concerned, are also capitalised but under a category separate from the property.
Any works which do not result in an enhancement of economic benefit5 of a property are charged to
the income and expenditure account. Thls include5 expenditure incurred to ensure that the property
can maintain its existing level of net rental income.
-li-

Llewellyn Almshoiises Financial Statements
Year ended 31 March 2025
NOTES TO THE FINANCIAL STATEMENTS
PRINCIPAL ACCOUNTING POLICIES
CONTINUED
Tan
Ible Flxed Assets
Pro
rovements
The property improvements are stated at cost less grants received.
Tangible fixed assets (including Social housing properties) are stated at cost less accumulated
depreciation and accumulated impairment losses. Cost includes cost5 directly attributable to making
the asset capable of operating as intended Sltch as the cost of acquiring land and buildings,
developments costs, interest charges on loans during the development period and expendlture on
Improvements. Expendlture on improvement5 will only be capitalised when it results in incremental
future benefits such as increasing rental Income, reducirbg maintenance costs or resulting in a
significant extension of the useful economic life of the property.
PRINCIPAL ACCOUNTING POLICIES
CONTINUED)
Depreciation is provlded on all tanEible fixed assets, at rates calculated to write off the cost, less
estimated residual value. of each asset on a systematic basis over its expected useful life as follows:
Land, property improvements (net of Brantsl
Fixtures and flttings
4% on cost
IOYO on cost
Investments
Investments are reco8ni5ed initially at falr volue whlch is normally the transaction price excluding
transaction costs. Subsequently, they are measured at falr value through the statement of
comprehenslve income if the shares are publlcly traded or their fair value can otherwise be measured
reliably. other investments are measured at cost less impairment.
Desl nated Reserves
Designated reserves are part of unrestrlcted reserves which have been earmarked by the Board for a
particular purpose. Such designations may be reversed by future Board decisions. Expenditure cannot
be directly set against designated rese￿e$ but is taken through the income and expendlture account.
A transfer is then made from designated resetves as appropriate.
Future Re
airs and Maintenance
A reserve has been establlshed to fund future cyclical repairs and maintenance being the Almshouses,
liability to maintain its properties. The amount of the contribution to thls reserve is agreed by the
Trustees on an annual basls.
12-

Llewellyn Almshouses Financial Statements
Year ended 31 March 2025
NOTES TO THE FINANCIAL STATEMENTS
PRINCIPAL ACCOUNTING POLICIES
CONTINUED
Extraordlna
Re
alrs Reserve
In prior years a reSe￿e was established to fund major repairs on the properties. The amount of the
contributions to the major repalrs reserve is agreed by the Trustee5 on an annual basis.
Turnover
Turnover represents rental income ￿ceivable, net of voids.
Turnover is measured at the fair value of the conslderation received or recelvable. The policies
adopted for the recognition of turnover are as follows..
Turnover represents rental and seNice charge5 income receivable in the year nel of rent and seNice
charge loses from voids and revenue grants from the government (local authoritiesl.
Pro
mana
edb
ents
Where Llewellyn Almshouses carries the financial rSsk on property managed by agellts, all the income
and expenditure arising from the property is included In the statement of comprehenslve Income.
Where the agency carries the financial risk, the statement of comprehenslve income includes only that
income and expendlture which relates solely to Llewellyn Alm5hDuses.
Restrlcted Reserves
Restrlcted reserves are those reserves whlch are only expendable in accordance with the wishes of
the funder or regulatory body. Restricted reserves include funds ralsed In response to a specific
appeal. Expenditure cannot be directly set against restricted reseTves but is taken through the income
and expenditure account. A transfer from re5trlcted rese￿e5 is then made as appropriate.
Where a restrlcted reseNe is represented by assets that are then re~valued. the revaluation element
is added to the restrlcted reseNe.
Endowment Fund
This was established on creation of the orgonisation, Income arising from the endowment funds is
treated as part of the organisatlons general fund5 and passes through the income and expenditure
account. with no adjustment made to the endowment fund.
13-

Llewellyn Almshouses Financlal Statements
Year ended 31 March 2025
NOTES TO THE FINANCIAL STATEMENTS
2. TURNOVER, OPERATING COSTS AND OPERATING SURPLUS
INCOME AND EXPENDITURE FROM SOCIAL HOUSING LETTINGS
2025
2024
Income
Rents recelvable
56.759
55,073
55.073
Grants ￿CeIved
Other income from social htsuslng lettings
Turnover from soclal houslng lettlngs
56,759
55,073
Expendlture
Management costs
15,613
Other costs
15,366
Malntenance costs
19,953
Losses from bad dèbts
217
Depreclatlon and amortlsètlon
2,274
Operatln8 COSt5 on soclal houslng lettlngs
54,083
53,423
Operatln8 Surplus I IDefl¢ltl on 50clal houslng lettlngs
2,676
1,650
Rent loss due to volds (memorandum note)
(11,3491
16,6901
14-

Llewellyn Almshoiises Financial Statements
Year ended 31 March 2025
NOTES TO THE FINANCIAL STATEMENTS
3. INTEREST RECEIVABLE AND OTHEFI INCOME
2025
2024
Dlvldends recelvable from InVestn￿ntS
4,046
Bank and short term deposlt Interest recelvable
140
4,186
4. OPERATING SURPLUS I IDEFICITI
2025
2024
Operatlng surplus / Ideflcltl for the year Is stated after ¢harglng:
Depreciation and amortlsatlon of flxed assets
Independent examiners remuneratlon Ilncluslve of VATI
Non audlt seNices
2,274
1,200
S. TRUSTEES EMOLUMENTS
The as50ciatlon Is controlled by a voluntary committee of management who received no remuneratlon
during this period12024: NIL).
6. EMPLOYEES
2025
2024
Number
Number
CarelDomeslic Staff
Staff Costs:_
Wages and Salaries
7. TAXATION
No provision has been made In the accounts for UK Corporation Tax as the association is exempt
from taxation under S505 of the Income and Corporation Taxes Act 1988.
15-

Llewellyn Almshouses Financial Statements
Year ended 31 March 2025
NOTES TO THE FINANCIAL STATEMENTS
8. TANGIBLE FIXED ASSETS
Property
Improvements Equlpment
Total
Cost
At beginnlng of year
284,807
11,324
296,131
At 31 March 2025
284,807
11,324
296,131
Depreclatlon
At beginnlng of year
Charged during the year
At 31 March 2025
152,5541
111,3241 163,8781
12,2741
12,274}
154,8281 (11,3241 166,1521
Net book value
At 81 March 2025
229,979
232,253
229.979
At 31 March 2024
232,253
9. SOCIAL HOUSING GRANT
2025
2024
Balance brought forward
Recelved in the year
Balance carrled forward
221,153
221,153
221.153
221,153
10. DEBTORS
20Z5
2024
Amounts due wlthln one year
Arrears of rent and service charges
Less.. proiA5ion for bad and doubtful debis
564
1,818
14301
1,388
1279)
284
Sundry Debtors
Prepayments
Z.075
538
543
2,897
2,776
16-

Llewellyn Almshouses Flnancial Statements
Year ended 31 March 2025
NOTES TO THE FINANCIAL STATEMENTS
11. INVESTMENTS
2025
2024
At beglnnlng of year
Relnvestment of accumulation dlvldends
¥. 116,.333 .
134
113,545
130
Dlsposal at valuation
Revaulation In year
At ai March 2025
2,658
120,200.
116.333
The hi5torlcal cost of investments above Is as follow5:.
At l Aprll 2024 and 31 March 2025
76.567
The investments are managed by Blackrock Investment Management and are held in 8la¢krock Charities
UK Equity Fund and Blackrock Charities UK Bond Fund.
Inocme received from the Investmenst in the period was as follows..
2025
2024
Dlvldends and Interest
4,089
4.046
Investments are included at fair value with the surplu5/deficit reflected through the Statement of
Comprehensive Income.
12. CREDITORS
2025
2024
Amounts due wlthln one year
Trade Credltors
1,779
16,610
1,070
Accruals
20,701
21,771
17-

Llewellyn Almshouses Financial Statements
Year ended 31 March 2025
NOTES TO THE FINANCIAL STATEMENTS
13. DESIGNATED RESERVES
EKiraordlnary
Repalr
Fund
Cycllcal
Malntenance
Fund
2025
2024
2025
Balance brought forward
Transfer from revenuè fe5eFve
42,541
5,400
47.941
42,438
8,400
SO￿38
84,979
13,800
83,402
13,150
96,552
Transfer to revenue reserve re expèrtdilure
In the year
13,0951
{5,095)
111,5731
Transfer to revenue ￿serve
Balance cariled forward
47,941
47.744
95,685
84,979
TRANSFER FROM REVENUE RESERVE RE EXPENDITURE IN THE YEAR
Extraordlnarv
Repalr
Fund
Cycllcal
Maintenance
Fund
2025
Repair expenditure inCUr￿d on project
General repairs
Professional fees
3,095
3,095
3,095
3,095
Transfer from designated funds
3,095
3,095
18-

Llewellyn Almshouses Fiiiancial Statements
Year ended 31 March 2025
NOTES TO THE FINANCIAL STATEMENTS
14. INCOME AND EXPENDITURE RESERVE
Income &
Expendlture
Resèrve
Investment
Revaluatlon
2025
2024
Note
At beglnnlng of year
Surplu5 1 (Deflcltl for year
Revaluation of investments
50.442
39,764
90,206
6,914
3,733
110.7051
90,148
83,289
5,837
2,658
11,5771
90,206
6,914
3,733
Transfers to designated reseNes
At 31 March 2025
15
110,7051
46,fj51
43.498
15. NET TRANSFER TO DESIGNATED RESERVES
2024
Transfer from designated reserves re expenditure ITI the year
Transfer to deslgnated ￿Sewe5
Transfer from designated reserves
11,573
113,1501
113,800)
110,705)
11,5771
19-

Llewellyn Almshouses Flnanclal Statements
Year ended 31 March 2025
NOTES TO THE FINANCIAL STATEMENTS
16. RECONCILIATION OF OPERATING SURPLUS I IDEFICITI TO CASH FLOW FROM OPERATING ACTIVITIES
2025
2024
Surplus I (Deflcltl for period before revaluation of Investments
6.914
5,837
Interest recelved
11401
14,0461
2,274
Dividends received
14,0891
2,274
Depreciation of tangible flxed assets
Surplus on dlsposal of invèstments
IlncYeasel/decrease In debtors
Increasèlldecreasel Sn credltors
1,361
12,184
13,381}
Net cash flow from operatlnB actlvltles
1,447
17.470
17. UNITS IN MANAGEMENT
The total number of general needs unlts managed by the Almshouses as of 31 March 2025 was 10.
All the units are managed on behalf of Llewellyn Almshouse5 by Tai Tarian Limited.
18. RELATED PARTY TRANSACTIONS
The collection of rent from tenants of Llewellyri Almshouses is overseen by officers of Tai Tarian
Limlted. Further, the day-to-day administration of the organisation is similarly man3ged and a charge
of £16,659 was levied in the year by Tai Tarian Litnited for these services.
19. CONTROL RELATIONSHIP5
The or8anlsation is controlled by it5 trustees.
20-

Llewellyn Almshoiises F5nanclal Statements
Year ended 31 March 2025
NOTES TO THE FINANCIAL STATEMENTS
PROPERTY REVENUE ACCOUNT
2024
Income
Rents recelvable
55.073
Grant received
55,073
Expendlture
Repalrs and mainteTha￿e
Heating and Lighting
Insurance
19,953
9,047
1,112
Council Tax
1.413
2.219
15.613
49,357
Water Rale5
Management Chatges
.$0,248
Surplus I (Deflcltl for year transferred to Incom• and Expendlture Account
5,716
GENERAL INCOMÉ AND EXPENDITURE ACCOUNT
2025"
2024
oiher Income
Oeposit Account
other Investment incorne
140
4.046
Surplus on sale ol Inve5tment5
4,186
Community Alarffl Servlce
Professional Fees
140
8ank Char8es
Subcrlptlons
Accovntancy Fee
L055es from Bad Debts
232
1,200
11501
1.200
217
Depreciation
Other
2,274
Surplus for the year
403
122
su￿lus I IDeflcltl tranSfer￿d from Property Revenue Accounts
5.716
Surplus I IDeflcltl for the year bèlor8 Invostmenl revaluatlon
5.839
Thls page does not form part of the flnanclal statements
21-

Llewellyn Almshouses
Leonard Street
Neath
PRIVATE & CONFIDENTIAL
WBV Llmited
Woodfield House
Castle Walk
Neath
SAII 3LN
Dear Slrs,
Management representatlon letter
The followlnE representatlons are made on the basls of enquiiles of management and staff with relevant
knowledge and experlence such as we conslder necessary In tonnection with your independent examinatlon
of the rÈglstered soclal hou51ng providerfs {RSHP's1 and charlty's flnanclal statements for the year ended 31
March 2025, These enquiries have included Inspection of supporting documentatlon, where appropriate, and
are sufficient to satisfy ourselves that we can make each of the following represeniation5. All representations
are made to the best of our knowledge ond bellef.
General
l. We acknowledge that the work performed by you Is substantially less In scope than an audit performed
in accordance wlth Internatlonal St8ndards on Auditlng IUKI and that you do not express an audlt opinion.
2. We conftrm that the RSHPlcharlty was entltled to exemptlon under section 144 of the Charltles Act 2011
from the requlrement to have its flnanclal statements for the flnanrlal year ended 31 March 2025
audSted.
3. We have fulfllled our responsibllitles B5 Irustees, as set out In the terms of your engagement letter under
the Charitles Act 2011, the Housing Regeneratlon Act 2008 and the Accountlng Requlremenis for
Registered Social Landlords General Determlnatlon IWale5} 2015 for preparing flnanclal Statements In
accordance with applicable law and Unlted Klngdom Accountlng Standards (UK Generally Accepted
Atcountlng Practice). for belng satisfled that they glve a true and falr vlew and for making aicurate
representations to you.
4. All the transa¢tlons undertaken by the RSHPlcharlty have been properly reflected and recorded In the
accountlng record5.
5. All the accounting records have been made avallable to you for the purpose of your Independent
examinatlon. We have provided you wlth unrestrlcted access to all appropriate persons wlthln the
RSHPlcharily, and wlth all other records and related Inlormatlon requested, Includlng mlnutes of all
management and trustee meetings and correspondence wlth the Charlty Commission.
6. The flnanclal statements are free of material mlsstatements, Includlng omlsslons.
There were no uncorrected mlsstatements.
Assets and Ilabllltles
The RSHPlcharlty ha5 5at15factory tltle to all assets and there are no Ilens of encumbrance5 on the
charlty's assets, except for those tllat are dlsclosed in the notes to the financial statements.

All actual liabllltles, contlngent Ilabllities and guarantees glven to thlrd partles have been recorded or
dlsclosed as approprlate.
10. We have no plans or Intentlons that may materlalty alter the carrying value and, where relevant, the
fair value measurements or classlflcatlon of assets and Ilabllltles reflecied in the flnanclal statement5.
Accountlng estlmates
11. The methods. data and slgnlficant assumptlons used by us In m3kSng accountlnB estlmates, and thelr
related dlsclosures, ale appropriate to achieve recognltlon. measurement and di5c105ure that Is
reasonable in the context of the appllcable flnanclal reportlng framework.
Legal clalms
12. We have disclosed to you all clalms in connection with Iltigatlon that have been, or are expected to be,
recelved and such matters, as approprlate, have been properly accounted for and dlsclosed In the
flnancial statements,
Laws and re8ulatlons
13, We have dlsc105ed toyou èll known Instancesof non-compliance or suspected non-compllancewlth laws
and regulatlons whose effects should be con51dered when preparing the financlal statements.
Related partles
14. Related party relatlonshlp5 and transactions have been appmprlately accounted forand dlsclosed lfi the
financlal Statements. We have d15cIosed to you all relevant Informatlon concernlng such relatlon5hlps
and transactlons and are not aware of any other matters which requlre disclosu￿ In order to comply
wlth regulatory. leglslatlve and accounting Standard requlrements.
Subsequent events
15. All events subsequent to the date of the financial statements whlch requlre adjustment or dlsclosure
have been properly accounted for and dlsclosed.
Golng ￿￿ter
16. We belleve that the R5HP/charlty'5 financlal Statements should be prepared on a going concern basls on
the grounds that current and future sources of funding or support wlll be more than adequate for the
HSHP/charlty's needs. We a150 confirm our plans forfuture actlonlsl requlred to enable the RSHP/charlty
to continue a5 a goln8 concern are feaslble. We have consldered a perlod of twelve months from the
date of approval of the flnancial siatemenls. We belleve that no further dlsclosures relatlng to the
RSHPlcharity's abllity to contlnue as a 8oln8 concern need to be made In the flnanclal statements.
Grants and donatlons
17. All grants. donations and other Income, the recelpt of which is subject to speciflc terms or condltlons,
have been notlfled to you. There have been no breaches of terms or tondltions In ihe applicatlon of such
income.
Yours 51ncerely
aiiie and pos
Slgned on behalf of the board of trustees
Date.

ThoThlrd Hoor
Lèngdon Flouse
donRoad
aterfri)nl
5wanse8
SAI 8QY
f> wbv 1£
SAI Swansea
harter4d
Countsnts
Our Ref: DARITSIL006112a915
Tel:01792652108
Emall.'malI￿bV.l¢duk
i.wbv.l¢duk
19 August 2025
alsoaL,
Woodfield H￿se
Ca5tleWalk
Neath
SAII 3LN
PRIVATE AND CONFIDENTIAL
The Truslees
Llewellyn Almshouses
clo Neath Porl Talbot CBC
Civlc Centre
Neath
SAII 3QZ
Td-0163963S555
Dear Sirs,
The purpose of thls letter, along with the attached schedules of professional seNlces and
standard tem15 of buslness. 15 to set out the basis on whlch we act as accountants of
Llewellyn Almshouses (the RSHP) and the respectlve areas of responslbility of the Board,
comprislnB of those ¢har8ed with governance of the RegIste￿d Soclal Houslng Provl(ler
{RSHPI, and of ourselves.
Professlonal servlces provlded
1.1 The professional servlces you have asked usto carry out, togetherwith the estlmated
fees, excluding dlsbur5ements and VAT, are as follows:
Provlsion of an Independent reportin8 accountaT7I'S report on
the flnancial statements lappendlx IA)
£1,000
Totsl annLtal fee
£i.000
1.2 The fees are based on our discusslons. Should these detalls subsequently prove to be
Inaccu¥ate, we reseNe the rlghi to dlscuss With you at the earliest opportunity
changes to the fees.
1.3 The scope of these seNlces Is set out in the attached schedules ot profe55ional
services and should be read in conlunctlon wlth our most recent stat)dard terms of
busln@ss at appendiK 2. Any additlonal servlces that you ask us to provide wlll be
subject to new OY amended tem)s of engagement.
RthrytN(J
5clE(ml
1.4 No disbursement or expenses other professlonal fees are expected to be incurred.
Ten3neéJJDJ
Llmltallon of liablllty
We draw your attention to the Ilabllity caplsl agreed wlth you when we d15cussed
the scope of otsr seNices to be provlded. These are summarised below and include
reference to the appendlces In this letter where they are explalned In greater detall.
Fra￿14￿1
Provlslon of an Independent ieportlng accountant's report on
the ftnanclal statements lappendlx IAI
tLbkAACSKA
£10,000
¢*IAgTÉftED
X¢•￿￿TANtS

Communlcitlon
Throughout the engagement we wlll communicate with Bev Adams at Tal Tarian by telephone
and by emall. It has been agreed that she wlll represent the RSHP In relatlon to the RSHP'S
accounts.
Agreement otterms
4.1 We may need to process and hold personal data about you and Indlvlduals associated wlth yov.
Our prlvacy notice, which can be found on our website at www.wbv.lt
.uk which explalns how
we process personal data In respect of the varlous servlces that we provide.
4.2 The iem)s set out In thls letter, whlch Includes the schedule5 Of professlonal Se￿Ice5 and
standard terms of buslness, sh311 take effect Immedlaiely upon your counterslgnlng this letter
and returnlng it to us or upon the commencement of the accounts for the accountin8 period
ended 31 March 2025, whichever Is the earller.
4.3 These terms wlll also apply to any matter dealt wlih In respect of periods prior to the perlod
ended 31 March 2025.
4.4 Once it has been a8reed, th15 letter wlll remaln effective, from one year to another. until it 15
replaced. In the Instance of varlatlons made by either partles or termlnatlon of thls en8agement,
notite must be seNed in wilting. For further cancellatlon terms please refer to section 19 of our
standard terms of buslness. We shall be grateful If you could conflrm In writlrig your agreement
to these terms by slgnln8 and returning the enclosed copy of thls letteror let us know If they are
not In accordance wlth your understandlng of our terms of engagement.
Yours falthfully.
Slgned on behalt of WBV Ilmlted
We agree to the teFms of this letter, tO8&ther with the attached schedules of professlonal seNlces and terms
of buslness.
Sl8ned for and on behalf of Ilewellyn Almshouse5
Print name & Positlon
10 - 2S-,
Date

APPENDIX IA- SCHEDULE OF PROFESSIONALSERVICES: INDEPENDENT REPORTING ACCOUNTANT'5 REPORT
ON THE FINANCIAL STATEMENTS
The purpose of thls schedule io our engagement letter15 to set out the basls on which we act as independent
reportlnB accountants to the RSHP and the respective responslbilities of the board, comprlsing those charged
wlth governance of the RSHP, and ourselves,
Your rèsponslbllltles
1.1 As board members of Llewelwn Almshouses (the RSHPI you are responslble for maintalnlng proper
accounting record5 and an appropriatesystem of Internal control forihe RSHP. You are also responslble
for ensudng that the RSHP prepares annual financl8151atements which glve a true and fair vlew and
that have been properly prepared in accordance wlth Unlted Kingdom Accouhtlng Standards {Unlted
Kingdom Generally Atcepted Accountlng Prattlcel, the Houslng and Regeneration Act 2008, 3nd the
Accountlng Requirements for Reglslered Social Landlord General Determination IW8les12015 and the
Charltles Act 2011.
1.2 You are also requlred to have regard to the Hovslng SORP 2018: Statement of Recommended Practlce
for Soclal Houslng Provlders (the SORPI and any subsequent amendments or variatlons to thls
statement. RSHP financlal statements and accounting pra¢tlce5 are expected to tomply fully, where
approprlate, with the SORP.
1.3 You are respon51ble for making available to us, as and when requlred, all the RSHP'S accounting records
and all other relevant records and related inft)rmatlon, includlng mlnutes of all 8eneral meetlngs that
we need io do our work, and addltlonal lrtformallon that we may request,
1.4 We are entltled to require from the RSHP'S officers and employees such other Informatlon and
explanations as we Ihink necessary for the performance of ouy dutles as reptsrtlng accountonts.
1.5 You are responslble for deteymlnlng whether, in respect of the year, the RSHP meets the condltlons
enabllng 11 to di5apply the requirement to have an audlt of the flnan¢l31 statements set out In the
Charities Act 2011.
1.6 You are also responslble fordetermlnlng whetherthe constltutlon of the RSHP permit the disappllcation
of the requlrement to appolnt a quallfled audltor each year to audlt the fifianclal statements for that
year.
1.7 If, In respect of the year, the RSHP satlsfies the crlteria èbove and there Is no directlon In pl8ce Issued
by the Regulator of Soclal Housing requirlng the RSHP to appolnt an auditor to audll the accounts for
the period, the availabillty of the optlon to disapply the audlt requirement Is condltiollal upon your
cau5inB an independent reportlng accountant's report to be prepared In respect of the financlal
statements. You are responsible for deciding whether that report shall be made and for appolnting us
as independent reportlng accountants to make that report to the members of the RSHP.
Our responslbillties
2.1 We shall plan our work on the basis that an independent reporting accountant's report Is required for
the year, unless you inform us In wrlting that the RSHP requlre5 an audlt of the flnanclal statements.
2.2 Should you Inslruct us to Carry out an audlt. then a separate letter of engagemeni wlll be requlred.

2.3 As Independent reportin8 accountants. we have a ststutory responsibility to report to the members
whether In ouroplnlon;
the revenue account and balance sheet forthe yearare In a8reementwlth the books of account kept
bythe RSHP;
the RSHP met the flnancial ¢rlterla enabllng It to di54pply the requlrement to have an audlt of the
flnanclal statements for the year: and
the financlal statements comply with the requlrements of the Houslng and Regeneratlon Act 2008
and the Accountlng Requirements for Reglstered Soclal Lindlord General Dete¥mlnatlon Iwales)
2015.
whe￿ we fall to obtain all the Informatlon and explanations whlch we conslder necessary for the
purposes of our dutie5 as reporting accountants we are also re4ulred to state thls f8Ct In our report.
2.4 Should our work lead us to conclude that the RSHP Is not entitled to d153pply the audit requlrement, or
should we be unable to reach a conduslon on thls matter, then we will not Issue any report and wlll
notify you in wrlting of the reasons. In these clrcumstance5, If approprlate, we wlll d15CU5s wlth you the
need to appolnt an audltor.
Scope of the reportlng accountant's work
3.1 Our procedures wlll con51St of comparlng the flnanclal statements wlth the 3ceountln8 recorijs kept by
the RSHP. and maklng such Ilmlted enqLFlrles of the Board as we may considèr neiessary for the
purposes of our report.
3.2 Our work as reportlng a¢countanls wlll not be an audlt of the financial statements In accordance wlth
International Stsndards on Audlting IUKI. Accordingly, we wlll not seek any Independent evldence to
support the entrles in the actountlnB records, the existence, ownershlp or value of assèts, or the
completeness of income, liabilities and dlsclosures in the accounts. Nor will we make any assessment
of the estlmates and lud8ements made by you In your preparatlon of the financlal
statements. Consequently our work 05 reportlng accountants will not provide any assurance that the
accountlng records or the financlal statements are free from material mlsstatement. whether caused
by fraud, oiher Irregularltles or error. In addltlon we have n(F responslbSllty to determlne whether you
have malntalned proper accountlng record5 and we wlll not add￿$S this polnt unless you specifically
request us, In wrlting, to do so.
3.3 As we wlll not carry out an audit we wlll be unable to provlde any assurance as to whether the flnanclal
stalements give a true and fairview,
3.4 We have a professlonal rèsponsibility not to allow our name to be assoclated wlth financial statements
whlch we believe may be mi51eadlng. Therefore, although we are not reqLFired to search for such
matters, should we become aware, forany reason, that the financial statements may be m151eadlng and
the matter cannot be adequately dealt wlth by mean5 of modlflcation of the report we will notlssue
any report and will wlthdraw from the engagement and wlll notlfy you In wrltlng of the reasons.
3.5 As part of our normol procedure5, we may request you to provlde wrltten confimlatlon of any
Informatlon or explanatlons given by you orally during the course of our work.
3.6 Our engagement with the RSHP as reportlng accoulltantsfor the purpose of preparing the independent
reportlng accountant's reportls a statutory responsSbility and is distinct and entirely separate from any
obllgatlons or responslbilities arislng out of ihe contractual arrangements agreed between us under
which we are to provlde the other professlonal Se￿Ice5 descrlbed elsewhere withln our engagement
terms.

Umltstlon of Ilablllty
4.1 The maxlmum ag8regate amount of the Accountant's Llmbllity to the Company shall not exceed the sum
of 10 times the fees payable lexcludlng expenses and Value Added Tax) referable to the financlal period
In quesilon.
4.2 You agree to hold harmless and indemnlfy us, our partners ond stoff against any mlsrepresentatlon
{Intentiunal or unintentlonall supplled to us orally or in wrllin8 In connectlon wlth this 88reemet)t.

APPENDIX Z- TÉRMS OF BUSINESS
Applicable law
1.1 Thls enEaEement letlershall be governed by, and construed In accordanto wllh En81ish law. The Courts
of England and Wales shall have exclusive lurisdlction In relatlon to any clalm, di5PUte or dlfference
concerning ihe engagement letter and any matter arSslng from It. Each party irrevocably waives any
rlght It may have to object to an actlon being brought in those Courts, to claim that ihe action has been
brought In an Inconvenient forum, or to clalm that those Courts do not have lurlsillctlon.
1.2 Persons who are not party to thls a8reement shall have no rlghts under the Contracts IRlghts of Thlrd
Partie51 Act 1999 to enforce anyterm of thls agreement, Thls Clause does not affectany rlght orremedy
of any person whlch exlsts or Is avallable otherwise than pursuant to that Act.
1,3 The advice we give you Is for your sole use and15 confidentlal to you and w511 not con5tltute advice for
any thlrd party to whom you may communlcate It, We will accept no responsibllity to thlrd parties for
any aspect of our professlonal seTvlces or work that Is made avallable to them.
Qua15ty of servl¢e
We alm to provide you wlth a fulty s8t15factory servlce and Mr David Rowe as en8agement partner will
seek to ensure that thls Is so. If, however, you are unable to deal wlth at)v difficulty through him and
hls team please contact Mr Rlchard Chapple. We undertake to look Into any complalnt carefully and
promptly and to do all we can to explaln the p051tion to you. If we do not answer your complaint to
your satisfaction you may of course take up the matter with the Instltute of Chartered Accountant5 In
England and Wales by whom we are regulated.
Cllent monles
3.1 We may, from tlme to time, hold money on your behalf. Such money wlll be held In trust In a cllent
bank account. which Is segregated from the flrm's funds. The account will be operated. an(1 all funds
dealt with, In accordance wlth the Clients, Money Regulations of the Instltute of Chartered Accountants
in En8land and Wales.
3.2 All client money wlll be held in an interest-bearlng account. In order to avoid an excesslve amount of
admlnlstratlon, Interest will only be pald to you where the amount of interest that would be earned on
the b81ances held un your behalf in any calendar year exceeds £25. Any such interest would be
calculated uslng the prevalllng rate applled by Barclays Bank PIC for small deposlts subject to the
minlmum period of nt)tlce for wlthdrawals.I Isubject to any tax le8islatlon, Interest will be paid gross.
3.3 If the total sum of money held on your behalf exceeds £10,000 for a perlod of more than 30 days, or
such sum Is Ilkely to be held formore than 30 days, then the moneywill be placed in a separate interest-
bearlng cllent bank account deslgnated to you. All Interest earned on such money will be paid to you.
Subject to any tax legislatlon, Interest wlll be pald gloss.
3,4 We wlll retUFn monies held on your behalf promptly as soon a5 there Is no lonBer any rea50n to retaln
those funds. If any funds remain In our cllent account that are unclalmed and the cllent to whlch they
relate has remalned untraced for five years, or we cease to practlse. then we may pay those monles to
a registered tharity.

INVESTMENT ADVICE
4.1 Although we are not authorlsed by the Flnanckl 5ervSces Authorlty to coftduct Investment Business,
we are Ilcensed by the Institute of Chartered Accountants in England and Wales to provide certain
Ilmited investment services where these a￿ complementary to, or arlse out of, the professional
servlces we are provldlng to you.
4.2 Such assistance mby intlude the following:_
Advlslng you on Investments Eenerallyi but not ￿coMmend1n8 a partlcular investment or type of
Investment.
Referring you to an Pemiitted Third Party IPTPI lan independent flnr¢ authoyised by the FSAI and
assi5tlnB you and the authorised third party during the course of any advlce given by that party. This
may include comment on. or explanation of, the advice received (but we wlll not make alternative
recommendatlonsl. The PTP wlll Issue you with h15 own terms and condlllons letter, wlll be
remunerated separately for hi5 servlces and wlll take full responsiblllty for compliance with the
requirements of ihe Flnanclal SeNices and Markets Act 20(10. The firm may receive comm1551on
from such an introductlon, In which case you will be fully informed of the expected size and nature
of such commlsslon at the time of the introductlon;
Advlslng on the sale of a contractually based investfflent other than dlsposlng of any rlghts or
Interests whlch you may have as a member of a personal pension scheme;
AdvlslnB and asslstlng you in transactions concernlftg shares or other securltles not quoted on a
recognised exchange;
Managing Investments or actlng as trustee lor donee of a power of attorney) where decisions to
Invest are taken on the advice of an authorised person.
4.3 We may also, on the understanding that the shares or other securities of the company are not publlcly
traded:
advise the companyi exlstine or prospeetNe shareholders in relation to exerclsing rlghts, taking
beneflt5 or share options valuation ?nd methods:
arrange any agreements In connection with the Issue, sale or transfer of the companWs shares or
other securitles-
arrange for the issue of the new shares; and
• act as the addressee to receive confirmation of acceptance of offer documents etc.
4.4 If you are dissatlsfled In any way with our seNlces described In thls secilon, you should follow the
procedures set out in the "Qualltyof servlce" sectlon below. In the unllkelyevent that we cannot meet
our liabilities to you, you may be able to clalm compensatlon under the Chartered Accountants,
Compensatlon scheme.

FEES
5.1 Our fees are computed on the basis of the tlme spent on your affairs by the partners and our staff, and
on the levels of sklll and responslblllty Involved. Our fees wlll be charged separately for each of the
maln classes of work described above, wlll be bllled at appropriate interva15 dtsrln8 the course of the
year, and will be due on presentatlon.
5.2 If Itls necessary to carry out work outside the responslbllltles outllned In thls letter It wlll Involve
addltlonal fees. Accordingly we would Ilke to polnt out that It 15 In your Interests to ensure that your
records etc,, are eompleted to the agreed stage.
5.3 We will, at your request, estlmate fee5, where posslble. If the amount of work Ilkely to be Incurredls
ncertaln, the estlmate of fte51s bound to be uncertaln. Where an estlmate has been glven but the
amountof work appears Ilkelyto Involve a 5ub5tantially hl8hercharge than the estimate, we wlll Inform
you.
5.4 Occasionally, It may be necessary for us to take advice on your affalrs from specialists not employed by
us, such a5 Tax Counsel for example. Where fees for such 3dvice are Ilkely to be substantlal, and
therefore passed on to you as a speciflc charge, we wlll obtaln your agreement before Incurring thls
expense on your behalf. You will be responslble for all fees Incurred by u5 on your behalf,
5.5 Our normal practlce is to render fees on the completlon of the specific work, usually on the approval
of the work by you, Where work15 Incomplete due to circumstances beyond our control, a fee may be
rendered on account. All such fees rendered on account wlll be taken Into account when the flnal fee
Is rendered for completed work.
5.6 It Is our normal practice to request that cllents make arrangements to pay a proportion of thelr fee on
monthly standln8 order. These standlng orderswlll be applied to fees ar151ngfrom work agreed In this
letter of engagement for the current and ensuinB years. Once we have been able to assess the amount
of work and tlme Involved we would be 8rateful If you would agree to payan amount to us on a regular
basis.
5.7 Our terms relating to payment of amounts Involced and not covered by standlng orders, where
appropriate, are strlcily one month followlng the month of the invoice date. Interest will be charged
on all overdue debts at the rate stated on the invoice, which is cur￿￿tlY Barclays base rate +8%. or at
the rate for the tlme belng appllcable under the Late Payment of Commerclal Debt5 Ilnterestl Act 1998,
whlchever Is the higher.
5.8 In addition to the Interest charged, if involces are not settled within one month followln8 the month
end of the involte date. a reminder letter wlll be Issued. Thls wlll be char8ed at £25.00 plus VAT. If
payment is not received wlthln 7 days of the flrst reminder letter a further letter will be sent la150
charEed at £25.00 plus VATI and the debt will be passed to a debt collector. Once the debt has been
passed to a debt collector, any costs incurred, Includlng an admlnistration fee for our tlme in providlng
a debt collector wlth copy invoice5 etc., wlll be recovered from you.
5.9 We offer a range of facllltles for the settlement of our fees. Fees may be settled by cheque, deblt card,
BACS or by credlt card. Payment can also be made by Standing order or direct deblt In advance.
Dlrèctor8lShareholdBr$ liablllty
Notwlthstandin8 that this Is an engagement wlth Llewellyn Almshouses. we reseNe the rlght, at any tlme, to
Instltute action or legal proceedlngs for unpald fees. solely against any or all of the dlrectorslshareholders of
Llewellyn Almshouses, in thelr personal tapacity, andlor we reserve Ihe rlght to Joln any or all of the
dlrectorslshareholders as defendants/respondent5, in any action or proceedings Instltuted agalnst Llewellyn
Almshouses. should we elect to do so.

Retentlon of and acce5S to record5
6.1 Durlng the course of our work we wlll collect Informatlon from you and others acting on your behalf
and will return any original documents to you following the preparatlon of your accounts and returns.
6.2 Wh115t certain documents may legally belong to you, we Intend to destroy correspondence and other
papers that we store whlch are more than seven years old, other than documents whlch we con51der
to be of continuing slgnlllcance. If you requlre retentlon of any document you must notlfy us of that
fact In wrltlng.
Pyoceeds of Crlme Act 2002 and Money Launderfng Regulat(ons
7.1 In common wlth all accountancy and legal practlces, we are required by the Proceeds of Crlme Act
2002 and the Money LaunderlnE Regulations to:
have due diligence procedures for the identlflcation of all cllents,.
maintain appropriate re¢oFd5 of evidence to SLlPPOrt customer due dillgence; and
• report In accordance wlth the relevant l@glslatlon and regulatlons.
Electronic communlcatlon
8.1 Internet ¢ommunltations are capable of dat2 corruptlon and therefore we do not actept any
responslblllty for changes made to such communicatlons after their despatch. It may therefore be
inappropriate to rely on advlce contained In an e-mall wSthout obtaining wrltteh conflrmatlon of It. We
do not accept responslbility for any errors or problem5 that may arise through ihe Use of Intemèt
communlcation and all risks connected wlth sendlng commercially sensltlve Information relatln8 to
your bu51nE5S are borne by you. If YOLF do not aBree to 8ccept thls rlsk* you should notify u5 In writing
that e-mall 15 not an acceptable means of communlcatlon.
8.2 Some communlcatlons wlll be made through our Secure Document Exchange area,
Thi5 allows us to exchange confidentlal datè wlth our cllents In a secure manner.
All data is held in a secure envlronment and transm5tted over Industrlal Standard ssl connections.
Our Secure Document Exchange system is compliant wlth the provlslon5 of the Electronlc
Communicatlons Act, while documents are encrypted and stored on seNi¢es based in the EU.
Documents can be approved I'e-Approvol') with a log of secure and tamper-proof approved PDF'S
malntained.
8.3 It Is the re5ponslbility of the reciplent to carry out a vlrus ¢heck on any attachments received.
Data Prolectlon
9.1 TD enable us to dlscharge the servites agreed In thls engagement letter, comply with related legal and
regulatory obligatlons and for other related purposes Includlng updating and enhancing client records and
analysls for management Purposes, as a dala controller, we may obtain. use. process and dlsclose
personal data about lyou l your buslness l Company / partnership l its shareholders / members l officers
and employeesl as de5crlbed in our prlvacy notice. We confirm when pro¢esslng data on your behalf that
we wlll comply wlth the provlslons of all relevant data protectlon leglslatlon and regulation, includln8 the
Data Protectlon Act 2018. the General Data Protection Regulatlon IGDPRI and any related regulatlons.

9.2 You are also an Independent controller responsSble for complylng wlth data protection legislailon and
iegulatlon In respect of the personal data you proce55 and. atcordlngly where you dlsclose personal data
to us you confirm that such dSsc105ure Is fair and lawful and olherwlse does not contravene relevant
requirements. Nothlng wlthin this en8ègement letter relleves you as a data controller of your own dlrect
responsiblllties and Ilabilltles under dato protectlon leglslatlon and regulation.
9.3 Our privacy notlce. whlth can be found on our webslte at www.wbv.Itd,uk explains how we process
personal data in respect of the varlous 5ervlces that we provlde.
10. Confldentlallty
Where you give us confidentlal Informatlon, we conflrm that we shall at all tlmes keep It confidentlal.
oiher thèn as required by law or as provided for in re8ulatOry* ethlcal or other professional statements
relevant to our enBagement.
11. External revlew
As part of our on8olng commltment to provlding a quality serv1￿, our flles are perioditally sublect to
review by an Independent qU31ity control body. These revlewers are highly experlenced and professlonal
people and are bound by the same requirements of conftdeniSallly as us.
12. Professlonal rules and pracilce guldellnes
We wlll observe and act In accordance with the Ibye-laws, regulations and Code of Ethlts of the Institute
of Chartered Attountants In England and Walesl and accept Instructlons to act for you on thls basls. In
particular you glve us ihe authorlty to correct errors made by HMRC where we become aware of them.
We wlll not be liable for any105s. dama8e or cost 8rislng from our compllance wlth statutory OT Tegulatory
obligations. You can see coples of these requlrements In our offites. The requlrements are a150 avallable
on the internet ai www.Icaew.comlmembershandbook.
13. Confllcts of Interest
13.1 We reserve the rlght durln8 our engagement with you to dellver servlces to other clients whose Interests
mlght compete wlth yours or are or may be adverse to yours, subject to Our confidentiallty clause. We
cunflrm that we will notlfy you immedlately should we become aware of any confllct of Interest Involvlng
us and affectlng the Company.
13.2 If a conflict of Interest should arlse, either between two or more of our cllents, or in the provlsion of
multlple service5 10 a slngle cllent, we wlll take such sleps as are necessary to deal wlth the conflict. In
resolvlng the confllct. we would be gulded by our Code of Ethic5 which can be viewed on the InteTnet at
the address above, in 5ectlon 3. sub-section 220.
14. The Provlslon of Servlces Regu5atlons 2009
Details of our profe551onal Indemnlty Insurer can be found on our webslle at www.wbv.Itd.uk under
Disclalmer Terms. The territorial coverage is worldwlde excluding professlonal buslness carrled out
from an office In the United States of America or Canada and exclude5 any attion for a claim brought In
any court In the Unlted State5 or Canada.
15. Tlmlng r>f our servlce
If you provlde us wilh all informatlon and explanatlons on a timely basls In accordance wlth our
requlrements, we will plan to undertake the work withln a reasonable period of tlme In order to meet
any regulatory deadllnes, However. failure to tomplete our seNices prlor to any such regulatory
deadline would not, of Itself, mean that we are Ilable for any penalty or addltlon81 costs arislng.