ROGER WILLIAMS AND QUEEN VICTORIA
MEMORIAL ALMSHOUSES
ANNUAL REPORT AND
FINANCIAL STATEMENTS
For the year ende(131st December 2023

ROGER WILLIAMS AND QUEEN VICTORIA MEPAORIAL ALMSHOUSES
ANNUAL REPORT AND FINANCIAL STATEMENTS
F or the year ended 31si Deceinber 2023
Page
Ofliceis aiid FKofesSIOrial ¢idvisei
Reporl of IIE TrLlStees
In(lopen(lonl Aijdilors, Rcwn io ihc TrLl&leeS
6- 11
Sialeniei)l of Coiiiiyel)ei)sNe Iiicoiiie
12
slflicnie.ni nf Ch¢iligCS in Reservo.5
13
Slalenie511 of Financtal Posibon
14
Slaleiiieiit of Casli flows
NiJlv5 11) Iliv Iw)¢ifiLl<il s￿lE[lIt4)I
The following pages do IK)i form part of the
staiiitory finaiicial stateiMenls:_
Slc?ienient of CoinprehensNe Incol￿e (Iletciile(l)
26
Noles lo Ilie siaiemeni of Conipielieiisrve 111c￿le
27

ROGER WILLIANIS ANO QU£EN VICTORIA PaEf4lORIAL ALMSMOLISES
OFFICERS AND PROFESSK)NAL ADVISERS
RoeJi* Igforl KiJi)Y)v.p
NuiiibL"r
21913?
J{)?Ii
4,Ir A IFiiil*L ? Iiiy JiiLd 13111 J*l£'Uiiry 20231
14 J Jniw.s Iio.£ioftp(l J JTh J￿111￿￿. 2()?31
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1.1 I I.IWhpiJn Iip.w.''Trd Jl:h Ja￿ArY X)?31
Tyr Ef*uI
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Ilithwi l.urtll' p I Id
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lor11￿ll Nll I IJA J
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'¢l.'IgUfird Wi&"
r.F 74 qPJ
Trdiilinii.Il *'. fv.lrtbr'£rfv p..Itik i".
BIV14L'S
'4PIl l(*(i
Subciivi

ROGER WILLIAMS AND QUEEN VICTORIA MEMORIAL ALMSHOUSES
REPORT OF THE TRUSTEES
yp.dr pnilpd 3151 De.cember 2023
Thp Tri￿1￿.￿.4 lirese.nl tlieir repijrl aiiil Ilip aLI(Iilp(I financial %iatptvieiils for the. year
elided 31st Decei)Iber 2023.
Trustees
Tlie pceseiit Truslees afe sel c>ul oli tk1ge l. No Iiusiees served fo(11)e ￿ole year"
Organisation and Stmcture
The Roge( Willianis cind Queen Victoria Memorial Almsho(Ises is registered Wilh Ihe
Welsh Goveinment as ¢7 Registered Social HouSW￿ provider govewned by cl Irust
deed Tlie TrU￿eeS a¥ii lo coiltiilue lo lei ilie 9 sell cdiiiaiiied uriils 10 Ilie elderly or
residents. relaiNes The Almshwse employs no staff as it is fulty managed by Nlelin
Hoiiies Liiiiiie(l. I lie TrLwsiees aTe respoT)sible foi Ilie iuiiiiiiig of Ilie Alii)sliouses.
l)o'.'ievei I1￿ adiiiiiiisliaiioii arid iiiaii)ieiiaiKe is delegaied 10 Meliii.
Risk Management
Thc Triislces revies11 Ilie A1rn5hoL15e's activitie5 al Board meetings and they have
,Issesse(I Ihc risks 10 i'uhich Ihe Aln15h0115c Is exposed. As PiE rl of this process, Ilie
TrLislee'
liave iiiipleibieiited a lisk iiiai)aoeii)eiil sri ategy %'il)idi coiiipi ises bolli
Iin*inri<il coiiiiol ciiid slock JM.Iinlcni1ncc.
Tlie Ti'iisiees ackiiowlèdcie tl)eii iesi)oiisil)I'.Ities for eiisLirin(J Ilial Ilie Ali)IslioLises
11<lS Iii pIIcp cl sysleni ()1 c()ntiols ¢hal Is <ll)PIC)Illl<ilc lo Ilic bLISlllP.5s eiwiioiiIMenl in
¥'•liicl) it opeiales. Tliese Coimiols ale desi(iiied lo owe reasoiiable assiiraiice i'Jiili
iespc.cl In..
{a)
(l))
{r.)
Tlie reliabilily ol financial infoiinaiion used.
Tlip. niainipi)anr.p nl prnpp.r acc(Jiiiiling recnrds.
Tlip. %afF.giJariliiig (DI againsl iiiiitiJltK)rise_Il LJ¥P C)r tli4pn%ili(Jn.
Tli(: Trii%le.p.s liavp adijiilvil a rpsprvvs Ix)lir.y ci)ri4itJe.rpiJ siJfli(:ivrit t() fiinil liillir
(ei)airs ¢0 Ilie properlEs. Tl)e Truslees ale saiisliecl that acle(ILiai& resoLirces are
,Thvailalile lo coiiliiiue iii Ilie loreseeal)le fiil(Ire aiid al l)reseiil see iio reason lor tl)e
¢iilLJAli()11 l() (:liaiicJv.-

Objectives and activities
Thp c)hjp(:IiVE: ()1 Ihp alrnsh(x15PS is lo hpipln ilip almspp(wlp bpincj pnor pers()n5 nl
g()()Il r.liardr.tv.T b4Jh() {vxr.ppi in S￿.c1￿ c.asp4 in he api)ri)ved hy 11)P £ilinsl)()ii%e
tl'Lisieesl reside ii) Ilie ai'ea of benelil. The afea of beiiefil beiii(J a ieii niile radius of
Ne"Ji)¢)M CIV￿ Ce.wilip. Tlle acliwlies Iliis yvar cijnliriijeil Iij rpllpcl Ilip aKM% an(1
objeciives of Ilie AlmshoLises. Ceniral to Ihis elhos was keepinij reiiilservice cliarcje
levels ai afloi(Jable levels, the properties I'iell mainiained aiid reiaiiiin(J a liig11
¢)ccui)aiicy r411p. whilst Illdinlairiirig Ilie firiancial well being ol I1￿ AlrTish(JiJse% In
2023 Ihere iliere Iwo voi(Is. one of 3 weeks aiid one of 3 ilieeks. 3 days. The
Tri1￿1￿￿5 Irile.Iid lu c()riliriue riiiiiiiriy IIIE AliiislK)uses iii dLLiJriJ*SIILe i'•lli ils aiiiis diid
ul)jeciivps as ()ullineil iibove.
Public benefit
We have referred lo Ihe gliidance coniained in the Charily Commission s general
giiidance on PLiblic benefit when rev￿¥.11￿ Jc OLir aiins aiid obieciives and in plciiiiiiiig
oui lului e activilies. We revÈ%•i Our aiiiis. objÈciives aiKI aciivilies eacl) year. T Iiis
ieviei'o look5 bcick ril i'thai we acliieved and Ihe ￿1[COmeS ot oiir ivork in Ilie
previous year. I'liis levie'•.￿ lielps us eiisure tsui alli￿. obieclives al)d aciivilies are
focubed oli our siaied Purposes.
Investment Policy
The TiiJ51ees h£ive considered niosl iiPTJropriclte policy for invcsling liinds cind
l)ave fou1￿ Iliai specialised Liiiil tlusis desigiialed foi ilie Cliarily Secior iiieel 11)eii
Icqijirenicni to ocncrtltc bolh income cl￿1 ct1pilcil growlh. Thc Inve.4imen15 hii VQ
beeii valLie(l as ai Ilie 31 Deceii)ber 2023 and ii) ioial siai)d at £278.479. T liis is a
valualioil £16,400 liighei Iliaii at 31si Deceiiiber 2022_ £IGg.G46 0111)e poiifolio is
lie.ld in Ar.ciJiiiiJl<il11)11 Sh4ifcs Lind F.108.833 In Iiicot7ic Shrirps.
Plans tor lulure periods
Thv. rp <llP. no planne.d IiJlLire chit ngcs In Ihe aCliwllCS nf ihp aln15hoiJsi.:s.
Activities and Financial Review lor the year
Tliei'e voere loui voi(Is ai a cosi of £502 ii) void rental loss.
Tlie SLiri)lus for ihe year was £16.4G3 (2022 ￿lIcIt. £68.356).
Responsibility of the Triistees
Tli(: Trii%lv.p.¥ ¢lTe re%FK)nwhle f(Jr iJie[￿rin[j Ilip. liiiaiKi¢il %ldlf:IMpiil% iii a(:LiJr(l¢lllCV.
.'Jiil) dl)IilidlJle Idiv aiiil Uiiileij Kiiiydijiii Gviiprdlly Ar.Lei)Ip¢l A(:L(ILJiiliiiy Praclicp.
Tliv liii¢lllLi¢il sl¢ilEiiieril% lidve ljeeii iJrryi¢ired iii ￿C(}r(l{lI1ce ioiili Ilip TiiJ%l Dp.v.iJ,
Ihe Staleniei)l of Recomn)ended Praclice "Acco(Inling for Registered Social
Flousing Providers. Iipdated 201 B. the Accoliiiiin J( Tequirenieiits for Soci¢l1 Lrindloicls
iegisiered Iii Wdles tserierdl Deleriiiii)<iliuii 2015. tlie Housiiig Aci 19Y6 ¢uid Ilie
Chciiilies Act 2011.
Tlie Triisieès iTiaiiilciiilS a sysleii) ol iiiieiiial firiaiicicil Luiilrul. IllLludiriy suilaijle
iiioiiilariiig prccediires 10 revievi lis effecliveiie5s. Tlie sysietn Is de5igiied to

InanBgp. rathe.T Ihan L.Iirriiw)alp. risk r•1 failiirp 10 .Ir.lipve biiyness nbF.clive.5.
Hoi'ievec. aiiy sucli sysieiii can oiily piowde ieasoiiable. and I￿)1 absolLIIe,
a5siJrancp agains1 nialerial nii.sstale.ment or 1055.
In fulfillin Jc iliese iesi)onsibililies. Ihe Trusiees have ceviewed 11)e efleciiveness ol
IIIP. 5ysiem ()f idpiitilyiiiy. evalLJaiing an(1 ni(Intiyiiig ilie %igiiiliLtaril risk% (jn Ilie hasis
of (lie principles of coipoiate governance coniaine(l in Coiiiiiiuiiiiy Housiii(I Cyiiifu
{CHC) Code of Governance and Welsh Governnieiii Iiousiii(J cifcLilar RSL 02110,
liileriiiil Cunlr(Jl% aimj Reijijiliiiy. The Tr￿￿eeS lidve c()n5idpieil èall of Ilie ri)aii)r
Ixisiness and fiiiaiKial risks.
Nu we<ikiiesses iii iiiteri)t*l conliul I￿ve ￿ell IuuiKI vthicli ¥vuuld result 111 iliiy
Inaterial losses. contingencies 01 Iiiicenamiies vthich woiild requiie disclosLire (ls
ieciJii)iiieiided by iiie alM)ve iiieiitsoned circulai.
On ihe bclsis Ihat a SY￿e￿ can provKle only ieasork1Ue. bill not absoluie ¢issiific nce
,Ind t￿11 It rekiles lo Ihe needs ol Ihe business, syslem £lS ci Ythole ivcls foLlI)cl tll
Ilie liriie ol approviiig tl)e lsiiaricial slaieiiiei)Is lo be geilerally appiopiiaie io 11
scale ol the Triislees ii Ctiviiies.
Iii piesJarii)g iliose liiiaT)cial slaleiiieriis Ilie I iustees are iequiied 10 selecl suilable
,ICCOlllllii)g FX)licies. tis describcd on Fkige 11.12 lind 13. lind Ihen io cipply iheiii oli
a corisisieiil basis. iiiakiiig iudgeiiieriis atid esiiiiiaies Ilial ale prudei)i ai)(J
rc47SOIIEible. The Triisie.cs mLisI a150 pfcpclic ihe Iiiiiinciiil Sl<7icn￿n1$ on Ihe going
onccrn b4lSlS ciiiless ff 15 InÉipproprkilc lo prc5Linic IhEII Ihe AlnishoLise Kvill coiilinLIC
Iri busiiiess.
Tlie Tiiislees ale ie¥X>I)sible loi keepiiig pioijei accouilliiKJ records ￿t71cli disclose
Ili reasoriable accuracy ai ally liine Ilie Iiiialic￿l posilioii ol tlie Aliiisliouses ai)d
l(J en(Ihlc 1lip.tn in msiirv Ih<ll Ihp. finiinr.lvil s1ii1?nir.1115 Cotnply wilh Ihe. rele.V<ini
le(iislatJOli. Tlie TrLisiees resporisible loi safeciuai'diiio tl)e assets of Ilie
Almsh(X15P% iintj hencp. fnr iaking rva5n1￿1)l￿ steps Ini prevpnli(Jn aiid (Iplec1ifJn ()1
Iirlll(1 .In(l ()Ihpr irrp.giJknrities.
111 sn fai a% Ihp Triis1(•p.4 alp. hwtirp. tlip.ie 1% n() rp.Ipvant aiiclit iiil()rinatii)ii n( iiilij[:h
Ihe Almshouse's audit015 ale iiiiawai'e an(1 Ihe Tnislees have lakeii als siei)s 11)at
Iliey ouoht 10 liave takeri lo niake ilieiii self aware ol aiiy relevaiil a￿11 ii)Iofiiialion
iri(I l() esliiNi%li IIiAI IIIP. <iiJilili)rs Awdrp i)1 Ilial iriluiin(Ilioii.
AuditOf5
Tlie ExieriiAI Aiidil serviLv. Ivill lje subieLI Iu LoiisullrilK)ri Iiruce%s dLiriiicJ 2024 ai)ti
,iii ai)i)oiniiMeni Ilien 117¢iile or)ce Ihts is comi)Sele.

8y Order of the Trustees
Trustee
Mel¥) Hoimes
29, May 2024

ROGER WILLIAMS AND QUEEN VICTORIA MEMORIAL ALMSHOUSES
INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES
Ypdr Eii(Ip.(131' Op.r.p.iiik)pr 2023
Opinion
We liave aLidited the financial slaleffleiits ol Rwer Willicinis aiid QLieeii Victoria
Memorial Almshouses (the 'Assockilion ') for the year ended 31 December 2023
.AiiLI) LuiTiprisÈ tl)e Siaieniei)t ul L(MTiiire.lieiisive iiicoine. StiileiTlP.Ilt ()1 Finaiicial
P05111011. siaieinent of Cashftows and noies lo Ilie financial siaieiilenls. incI￿ling a
%Ullllll£lly uf sigi)ificaiil acco￿11111￿ i)(JliLies. Tlie firiaiicial repoiliiig fi3iiievJork Ihat
h¥TrS l)eeii applre(I In (heir prei)araiion 15 applicable lai'o and Uiiiieil KinJ((loii)
Acco(inin(J Slandards, incliiding Fiikincial Reponing Sltindcifd 102 The Fii?ancial
Repoiliijg sfaiidaid applKable iii ijie UK RepublJc ol Irelai?d (Uiiiied Kiiigdoiii
Genercilly AC￿pted Accoiinliffj Piiylice).
Ili OLif Opiiknorl Ilie fiiiaiicial siaiei)ieillS.'
give d tiue arid f¢iir view of Ilie sldle of tlie AssoLialion s affairs ds at 31
Dccemtjcr 2023 4iiid ol lis IwKome and cxtJeFKliliJic lor Ihc yecv I￿n ciided,.
liave l)ee41 1)ioI)eily i)iepaied Iri acc(YdaiKe iviili Uiiiied KiilCI(loiii Gei)erally
Ar.cc5ile(l AcrniJr)Iiiig Pr<ic1ire-. iiiid
liave l)eeii prepared iii aic(Xdai￿e willi Ilie iequireiiieills ol Ilie Cl)ai ilies Aci
20 L L. schediilc I ID Ihe. l-loiJsirKJ clC.I J W6 lind Tlic. Acr.oiinliiig rv.qiJirvi)i(Ini% f(>r
Re(iisieied So¢￿ Laridloids Geiieial DelerniiiiaiKJii I￿￿ales) 201r
Basis for opinion
We r.iJniJiJr.Ipil nilr aijilil In ar.c(JriJaiice. i•JJth InleiiialiiJiiAI Siaii(lard5 (Jn AIMliiin(J
(UK) (ISA% <UK)} aii(1411)[Jkr.ahlv lai'i. OiJr re.sp(JnsilJilitip% iiniler tIK)%e slanil¢iril%
furtlier described in the Auditor-s reswsibililies for the au(lil ol Ihe fii)ancial
%l(ilfaJllV.Iil% %p(:liiiii ()1 (xir rv.iJiJil. We are Iriilv.peiiiJpiil ()1 Ilip As%rJi:iitlll)11 iri
,Iccor(laii¢e biiiili ilie eiiiical recyirenieiiis iliat a(e (elevai)I 10 OLir aLI(lii of Ilie
fii)aiicial staieinerlls in the UK iiicluding the FRC'S Ellital Slaiidard. and we have
Ilillill￿(F IlLir (Jllipr p.Ilii(:al iesiJ(Iii%iliililip.% Iri ￿L()r(larICe willi Ilip4v rpiiiiireiiipiii%. Wv
believe tlial Ilie ¢lLiilil evidence liave obIaN￿d 15 sill1￿leY71 cll)d ai)i)ropriale to
i)r¢Jvi(Iv A l)cl%i% lur i)Lir (Jixriiuii.

ConGlusion5 relating lo going concern
Iii aLJiliiing Ihe linaiir.ial slalr.rnpnls, wp. have conr.IiJileil 111.11 Ilip inpnilJeTS' Il%V ()f
Ilie (Joiiio coiKe(i) basis ol accoLllllinq in the prepacalM)i) ol Ilie Iiiiaiicial siateiiierils
1% diiproi)rialp.
BiJSV.Il (Jri 1hp i'J()Ik l'p. liavv perfijrinpd. we. liavp n()[ i(Jeiilifiv.d ariy i?)dle.ridl
111)LV.rlairitiv% rel4iliriiJ ic) pveni% ()r c(JiidiliiJiis Ilidl, iiiilividLJally i)1 cc)Ilp(-INply, Illily
cast sigiiilicaiil doubt on tlie AssociaiK)n's abiliiy io coiitinLie as a goin(I coiicerii for
¢1 ijeri()d i)1 dl le<asI Iwplve iniiiitli% Irc)rii lihieri Ihe liii¢iiKidl slaiv.Ineiits are dljtliiiri%v.d
for Esue.
Our respuilsibililies £iiid ilie resiKH)s￿lI1II￿g ul Ilie riieiribeis wllli fespeLI lo goiriy
coi)cern are described in Ihe ielev£inl seclions ol Ihis repon.
Olher informalion
The Trijstees are respoiisible loi ihe Oiher Inform(ition. The Oiher inlorniclljon
comprises ilie inlorni£ilion incliKleO In Ihe ¢innLlcil repoll, Other ih<lll the liii¢inci%il
talemenls and our audilor s repurl Iherecn. C>ur opinion on the finalicial slalemeril
does nol cover Ilie other Iiifornitition and. excepi io Ihe exteiii olhetWi5e explicitly
staled iii our iepoil. 54ie (k) iioi express any lorni of assurarlce coiidusioil il)eJeoil.
Iii corbncclion wilh o(Ir 471idir of Ihe lin1¢ noal 51alemenis. oiji re5FX)nsibilily 15 lo re<id
Ilie ollier iiiforiiiaiioii afid. iii d4)iiig so. Coiisider ¥iil)eiliei Ilie Oiliel ii)loriiiaiioii is
ni{IloriEilty¢ Iiiconsislcnl .'Jilli Ihc finiL ncitil 5lii1c￿n15 or oiir kno'.'oledg¢ obl(Iincd Jn
Ihc <lLidit or oihcnfos¢ IlPPC<1fs lo bc niiilcriiilly n)ISSlillcd. If wv. idciility SLich
iiiaierial inconsisieiicies oi aiJi)ai eill iiiaierial iiiissiateiiieiiis. we are ieqLiiied lo
dplcrmino ii.thclhp.r Ihere Is ii maieiicil m15slalpnipnl In Ihc Iinanciiil Sliilcmtriiis or il
iiiaierial iiiissialeiiieiii of Ilie ollier iiiformaiioii. 11. base(l oli Ilie i'iork
•ie Iiave
peifoiiiied. we coi)clude I1￿1 Iliere is a ii)aieiial ii)issiateineill ol Iliis olliei
Inl(IrmAl1(￿. iiip ale. rp(iiiir(:Il Iij rpporl Iliai facl.
Wp liave n(xliing i() re.poil in Ihi% Ip.gaid.
Opiiiion on the niatters prescribed under Houslng for Wales Ciycular HFW
02110 '1nternal controls and reporting"
In our Opiliion. with fespect io the Tiustee's siatemenl on inleriial liiiaiicial conlfol,.
tlie TrLisiee 1i¢1S provide(I the discloslires reqihred by ilie Circulcll. irn(I the
51aleiiienl Is not iiic(xisisieiii wilh Ihe ii)lormalion ol i'iliicli are ¢l+114are Iroiii
nur %audil w()Ik uii Ilie liri(UILidl siateniejils.
Matters on which we are required to report by exception
We have iiolhiiig to report in respecl ol the folkJ%vino liicilters i'ihere I1￿ Act re(ILiires
us 10 reyoii 10 you if. li) Our (wiriioii-

Ilie Associaliori lias noi kepi ￿0per books of acc(xini. aiid iiot n)atiiiaii)ed a
saiislacioiy systeiii ol coiitrol over its (r￿lSa￿l01)s. ii) accorda11￿ with tlie
rt?qLJire.menls ol ilie legislaiion. (x
Ilie reveiiue accou111. any other accounis io ¥'ihich (xir cepon relaies, and Ilie
balance sheel are not in agreement wilh Ihe Associalion s banks of account: or
we liave not obiained all Ihe informatton and explanaiioiis necessary for the
puriiijsps uf ()ur audit.
Responsibilities of the Trustees
As explained niore lulty in the Trustee-s resp￿s￿.1111es slalenient set ￿11 on P1c (Je 3
5, 11)e Truslees are iespoiisible for ilie pJepaialiOil ol rlie liwlailcial sidieiilEI)IS ciiKI
for beinij Scllisfied thai they give a irLie and lair view. cifKI l(x siich inlerrkil co¥ilcol cls
Ihe TrLislees determines ts necessary io enable Ihe wep<ii¢ltioii of finai)Ci*il
slaieiiieiils Iliai are free fr￿1) iitsierial niissiaieil)eiit. i'ilieiliei due io liaud or eiror.
lii ple￿9111￿ Ilie Iiiiaricial slaleiTieiilS. Ilie Trusiees ale iespoi)sil)le lor assessii)g 11)e
AssoLoli0ii s abilily lo coiilinuE ds a y￿1)Y coriceiii. disLk)s"ing. as applic<ible,
ITltitiers reltilecl lo (j￿n9 concerii ¢ind iisng Ihe going coiicerfj b¢lSI5 of acc(xiniing
uiiless Ilie TILislees eiiliei ii)ieiids to liqiiidaie Ilie Associaiior) cy lo cease
operaiioiis. 01 lias iio realisiic alteriiaiive kiLII lo do so.
Auditor's responsibilities for the audit of the financial statements
OLir ohjcr.Iivp5 <lff. In nl)l¢illl foi7501171 1)Ic <lSSiifiiiice iiboiji wheihpr Ilie linill)Cliil
siaieiiieiils ds a shiole ale free Iioiii iiiaiei ial iiiissiaieiiieiil, V￿llellier (ILie io liaud or
prror, 1cnd lo issiip an audilors reF)Ort th1r I Includc.5 our opinion. Rc'<isonriblo
assui'ance is a liiqli level of as&irai)ce. Ixil is iioi a (ILiaraniee tliai an aiidil
coil(lucied iii accordai)ce iyill) ISA5 (UK) will always delecl a iiialerial iiiisslaleriiei)I
.'Jl)ei) il px1%14. Mi%slalptnp.iils can iirise fr(?ni Iia¢itl ijr prr()r HJi(l arp r.()n5i(Ipip.(I
Inaterial if. iiidwidually o( iii the aci(Jregaie. Iliey coul(l ieasoiial)ly lje exi)ecied lo
Irilliipiire. Ihe. erA)11()nii IJp.ci%i01is 1)111sp.rs laken on Iliv. has1% 111 Ihp%p fiiiaiirial
i)<AiI c)1 dl) Aiiilii iii aLI-(Jr(liiricp. k'JAlI 1SAs (UK), wp exeicisp. i)r(Jle.s%iiJrial jLJ<lginp.Iil
.iil(I Imaiiitaiii F)rofessional scepiicisni Ihrou(Jhoiii ihe audil We also..
l(leriiily ¢lli(l Ilip. riLJ<s ul ni(Ilerial 1ii1ssldleJiieiil lif Ilip fiiidllLldl
SiLiieiiierilS. s'ihellier (lue to ficiud or error. de￿(In and perlorin aLI(lii i)roceiliires
I'esi)oiisive lo Ihose risk5. aiid obtlrll) audrt evidence Ih¢ii is siillicieiii ¢ln(I
¢ll)iJi(IiJfi<lte lu piDvide il bclSiS lof wr uiJiiii()ri. Tlie iisk i)f iiut iJelpLiiiig d
Ill¢iieri¢il rriis51<lten￿n1 resLilling Irom Ifaud Is liighef Ilkin lor oiie resiiiiin(J Iroiii
eiroi. ds liaud iiiay irivolve c(Alusiui).
IoTueiy.
IriieiiliuJial uri)iSsitsiis,
Iiiisieijreseiilalitsiis. or Ilie oveiride ol iriteriial cuiiirol.

Ohlain an iinderslanding nl inieiiial coiilrnl rele.vani i() Ihe. aiKlil In ni(Ip.r t()
desioii aLidit procedures Iliai ale appropriale iii the ciiCLiiiisiances, ￿1. exceijt
Io Ilie exiei)l Ollie￿iSe explicilly stated ii) Ouf repoil. i)01 foi 11)e piirpose of
expressing <?n opinion on Ihe effectiveness ol the Associtilion's Internal control.
Evalliale 11)e appropiialeiiess of accouiilino wlicies usecl aiid 11)e
re(14()nrihlel￿%$ ()1 acc(JiJiiliiig eslirridlps iiiiil rvldteil Iliscli)4iJres mddv. ljy Ill
T(uslees.
Conclude on Ihe approprialeness of Ihe Truslee s use of the going concern
basis ot accouiiting and. based on the audi( emdeiice oblained, 4'Jhellief a
Jilaierial uiice.rlaiiily exisis relciled lo eveii15 01 Ltswidili(Iiis ilial lildy cast
significant doubt on Ihe Association's ablity to contmue as a going COn￿rn. If
we concliide Ihai a malerkil Lincertainty extsis. we are re(ILiired to draiv
allenlion in our ￿ditorS report lo Ihe relaled disclosures in the financial
Sl<llenienls or. if svcli disclosiires ¢1re Inir deiiLiate. 10 niodity OLir opinion. Olir
concliisi0115 (ire ￿lSed oli Ihe ¢lLidil evideiice obl¢iinecl Lirj lo Ilie dale of ￿1r
guditur's teport. However. fulure events or conditions may cause the
Associ£ilion 10 ce¥ise lo conlin(ie cis a g￿ng coiicern
Evaluaie Ilie overall Piesei)laliOIi. Sliucluie aiKI coi)ieiil of Ilie liiiaiicial
514ltenien¢s. inclliding Ihe disclosiiies. and i'llhelher Ihe fint?ncipl sliilemeiils
reFireseni Ihe iinderlymg tr(Ins47clions and events in ¢7 n)Éinner Ilkil qichieve5 lair
presewiiaiioi).
We COiiii))urlicaie wilh I1￿se diai(Jed iiiilli govei riaiice reJc ardiiig, aiiioiig Ollier
iiiaiiers. Il)e plaiiiied scope aiid iiiiiiiw of tIE aiidil aiid Sigiiificani aLiiSit fiiidiiigs.
InGliiOiiig illly $1gniliciinl delicicncics iii Inlcrncil c.onirol INii tdcniily dLiring nijr
audil.
Irrp(Jiili4rilit!s. inr.liJ(Iing frHLltI, <ire Insltinr.p% c)f nnn-ci)IMpliance wilh laws and
ieoulaiioiis. We (lesigii proceduKes iii Iiiie willi Oui res￿•1)S1blI1lIes. otllliiied above.
In iJp.Ipr.I malerkil nii55taiempnls in ie.%PeCl ()1 iiregiJlarKips, iiicl(Iding fraiiil. Thp
exteni lo wliicli oiir piocedufes are car)ab￿S of deieciiw iireoulaiiiies, iiKludino
frau(l is detailed below:
Oiir i)laiiniiiq proce(knres ideiitity the lecJal an(1 regLilaiory Iraineworks api)Iicable io
Ilip. (11)piati(Ir14 dnd fiiidiicial slaleiiieiilts ¢)f tliv r.()niiJaiiy. Tliv.sv. arv. rvvip.weil
lrilp.riii*lly iviili Ilie ¢liJ(Jil tvarii iiicliitliiig rplvvai)l iiiiliJ%lry p.xiipripiii.p. drid
exi)eciaiioi)s as 44iell as exlernally
.'wlli ilie cl'eni niaiicioenieiit The key labiis an(1
IvgiJlilli(Jri% wp. L()iiSKlered iii Illi% ciJi)lexl ¥'iere Ilie FRS 102, Cliarilie4 ALI 2011.
sclieilLile I 10 the HoLlS11)o acl 19g6 and The Accoiiiitiiig iequiremeiils for
Regisiere(I Sociic l Landlords GeiieiL21 Deierniinaiion (W¢iles} 2015 Once ideniifie(l.
.'e dsse%s 11)e risk% ul ii?dieii<il ii)issldleiTieiils il) relaiitiii lu Ilip lilWS aiidregLil¢ili()1)s.
Irre9Lillc rilies. iiiclLiding frciiid an(1 cl(Iiusi our tesiiiig ticc0rdlnij￿.
Oiir clLidil
ijioceduies iriclude:

Oisciissin(J sliiih ihvse r.hririJp(I wih governarKe and nianagpmf)iil ivhirli
areas ol Ilie btlsiness they belEve lo be ii)ore siisceptil)le to fraiid. aiiil
)Mielher Iliey liave any knobAedoe or suspicioii ol Iiauduleiit aciivities
01)laining dn ijiideislan(Iing Ill Ihp kry conlr(Ils pul iii plarp Iiy Ilie Cl￿[11￿1)1
compaiw io aclclress risks ideiitilEd. assessiiig ilie effeciiveiiess ol Iliose ancl
disciissing liov4 these are inaiiitained and moiiitored inteiiially
A%%essing Ihp ri4k ()1 maiiagemenl Ov￿[￿1￿ and rp.vipw an(1 Ip.%fy"Iiy fif Jixjrnal
eiiiries Inacle inlo I1￿ accoLinl￿￿ systeii)
Despilv. Ilie auclil k)einy I￿all1￿1 ¢￿￿1 cuixlucled Iii acC()rd¢V1￿ i'jttli ISAS (UK) lI￿re
refflaiiis ali Linavoidable risk ihai iiiaierial misslaleinenis iii the liiiancial slalemeiils
iiiay Iicjl be delecied uwiilg iu iiiliereiii Iiiiiiiati(Ins ol Ilie d￿ll. ¢iiid Ilidl by Ilieir very
Ilalure, aiiy sucli iiisiaiices of IraLxI iiiegularites likely involve Collusi￿1. loiyery,
Inleiilioi)al misrepyesenlalion. or Ihe oveiiide of inlemal conlrols
A lurlher desciipiion of our fespoiisiliilitEs for Ihe alidit of the financial slalemenls is
Ioctiled
Ihe
FinaiiciLII
Reportng
Councifs
websiie
%•A'lk'd.lic.org.ukl¢iudilOISiespoii￿l%IIIIes. Tl)Is descripiiori lorms pail of Our Repoil ol
the AlKlI￿r5
Auditor's responsibilities in respect of the Housing for Wales Circular HFW
02110 "Internal controls and reporting"
We revie%Y wl)ellier Ilie Truslee's stateineril on Intell￿1 fiiiai)cial coiitrol Feflecls 11)e
AsS(Xlc1tion 5 coniplic1nce wilh Ihe Hoijsiro for IA(ales ¢ircLilar HFW 0211 O -Inlernal
conirols and reporlirlg aiid we reporl l'ilielher ilie slaleniei)l is iiol iriLorisisieiil willi
Ihc inloiinii lion ul ki011￿1) bve <llC Ilvliirp fr()iii our ciiidil ol Ihp Iin<incitil stillQlllQlllS. Wc
re not rcquircd lo (orm <in opinrjn on Ihc cffcclivcness ol Ihc AsSOC11c lion,
Corporate qoveiiiaiice proceduies or ils 11)ieirial liiiaiKkal COi)Irol.
Use of Report
This rpport ￿ mir do solely tt) the Associ?r tion's IriJstpes* <IS qi l)ody, In liccur￿ln¢C
¥'dilli ilie requireiiienis I￿a￿e thder seciioii 154 of the Clia(ilies Acl 2011. scl)eclLile I
Iij IIiE: H(Misin(J a1:1 1996 aiKI Thp Ar.r.c>iiriting reqiJiie.me.111s l<Jr R￿.gI￿￿.re.(I .%()r.ial
Lai)(Iliiril% Gi:riprcil Dpip.riniiiali()n (Walps) 2015. OLir aliilil ¥'.Y)rk liti% lip.pii
undertaken so Ihal we Inighl state io the Associalion's tfuslees thDse matlers ive
ale. ie.quired 10 51cile lo them in an ¢?uditor's reporl and lor nrj othe.r purpose. To the
liillesl exleiii ijeriiiiiie(I l)y las.:
'4e (lo iiot accepi or assLiii)e resi)oiisibility Io rl1)yoI)e
oll)er ihari Ilie Association and Ihe Assouatioii's Ifustees as a body. for OLir aiidit
.'Juik, l()r Illi% Iv.iJi)Tl, (jr l()r Ilip (>i)wii(111s li(Ive fiiriTied.

Haines Wails Wales LLP
Stalulory Aii(Iilor
7 Npptune Cc)iJrl
Vaiiouacd Way
Cdidiff
CF 24 5PJ

ROGER WILLIAMS & QUEEN VICTORIA MEMORIAL ALMSHOUSES
Statement ol Comprehenslve Ih¢ome
For the ycar ended 31st 0¢￿mb¢r 2023
2023
2022
Notes
Turnover
39.240
35.af94
Less.. Oper<?ting costs
14S.925)
{90.185)
Operating Surplus
{6,685)
{J4,591)
Moveiiient in f3ir walve of finaiicial instrLimei)ts
Inleresl receivable and simil¢?r Inr.omp.
Iiiteresl payable and similac charges
19.213
3.93S
(17,164)
3.399
Surplu51lDef icit) before lax
16.4C)3
168.3S6)
Tax
SurplusllDoficitl aftcr lax
16.463
{68.256)
Total Comprehensive Income for the year
16.463
(68,356)
CONTINUING OPERATIONS
None of the almshoiise's a¢liyilEs bvere acquired or discontinued durin9 the above
Iwo linancial years.
Tlie firiaiiLiÈil ?*ldlerTiewiIs were dppruved by the Tiustees on 29th Nldy 2024 ¢irid ivere
signed on their behalf by
Trusl¥e
Meliri Honies Liiniied

J Di 4Ci
rfj
¢¥

ROGER ￿LLIAMs & QUEEN VICTORIA MEMORIAL ALMSHOUSES
Slal¢menl of Financial P051tion
A% al 3151 Oe¢ember 2023
Notes
2023
2022
Tanglble fixed assets
Buildiiig lftiprovements
gros4 cosl If.s% depreci<?tion
67,942
67.942
75,557
75.557
Liste(J Irivestments
278.479
346.421
262.079
3.37,636
Ciirrent assets
Deblois
BLJilding Srjciely Dep()s
Cash at Baiik
5.042
17.873
8.265
31.1BO
2.444
17.693
491
20.628
Creditors.. Amounts falling
due wilhin one year
(23 949)
116.9311
Net Current assels
7.231
3.697
Total assets less current liabllities
353,652
341,333
Credilors: Amounts falling
due after more than one year 10
{35.117)
<39.261)
Net assets
318,535
302,072
Capital and Reserves
Resl(icted Reserves
Reveiiue Reserve
169.646
148.889
160.344
141.728
318.535
302,072
The linancial siaten*nls were approved by Ihe Tr(islees on 29th May 2024 and Ivere
sigiied ori tkieir belialf by-
Triislee
leliTI Hofiies Liniiled

ROGER WILLIAMS & QUEEN VICTORIA MEMORIAL ALMSHOUSES
Slatemenl of Cash Flows
As al 31sl Decenibei. 2023
2023
2022
Net cash generated from operaling acllviles (see li￿e l)
Cash flow investiiig aclivities
Inieresl received
Disposall(Pur¢hase) of Inveslrnenls
Cash Ilow froi)) financing aciivilies
Con)ponent Replacements
Inleresl paid
1,206
(50.366)
3,935
2,813
3.399
35,637
(24.632)
Net cliange in cash and cash equivalenls
7.954
(35.962)
Cash and cash equivalents 4t beginning of the year
Cash and cash e4uivalents at end of the year
18,184
26.138
54.146
18.184
Nolc J.
2023
2022
Operating Surplus1(Deficil) lor ihe year
(6.665)
(54.591)
Ailjiisltni..nls for Tl()n r.ash itpms-
Dp.i)rpr.iati()n c)1 tancjihlp. lixed a%sei
Anioiiisaiioii ol (iraill
Deci'easel(IilCI'ease) iii trade deblOI'S
Incieasel{Decfease iii creditors)
rii'oceeds li oiii Iiivestments Scile
Toial
(4.144)
(2,fJ98}
7.018
(4 144)
(801
3.302
1.206
50.3G6
Cash and Cash Equivalenis Coi)sisl of:
Cash at bank
Deposits
8.265
17,873
491
17.693
26.138
18.184

ROGER WILLIAMS & QUEEN VICTORIA MEMORIAL ALMSHOUSES
NOTES TO THE FINANCIAL STATEMETrThS
For Ihp yeAr pn(Ipil 31s1 Decpmhp.r 2023
Principal Accounting Policies
Basis ol Accounting
The Aiinslioiises is a pLibr￿ benefil eniity The financial siaienienis are
pieijdied uiider Ilie h￿torItal Li￿{ cuiiveritiuii. except fur Il* iiiveslriieiils wliiLII
<ife Sldled al over) Jiiarkei valiie.
Tlie gtateiileills ale piepared ii) (Iccordarice ￿[17 applicable liriaricial repuf tiiig
Sl¢incl¢irds Iii Ihe Uiiiled Kiiig(knn. iiicludiro Ihe Stalemeiii of Reconimeiided
Praciice for -Accounting by Registered Social Housing Providers as updaled
iri 2018 (SORP 2018) arid t(xiiyly wilh Ilie Accouiilirig Requifeii)ei)Is lor Social
Lcindlords Regislered In hvciles Genefal Deleimintllion 2015
Turnover
Tiifiiover represeiiis licerice aiid SerV￿e cl)arges recavable i)ei ol Voids and
gi¢inl 471clccl rcp<iir Iiicoine
Social HoLising Grants
Social HoLisiiig Giai)Is (SHG) are iiia(le by Ihe Welsli Goveiiiiiieiii ai)(l ale
ulilised lo recILI￿ 11)e ariiouiii ol iiioil(Ja£Je loail irl fespecl of ali approved
schrn￿ lo Ilir anK)iJni iiJliich Il 15 v.siin)IllL'd r_iili ￿ sorvlcetl hy the nci iinniiiil
iiicaiTrie of Ilie sclieine_ Tlie aiiiotinl of SHG is calculaied 011 Ihe qualifyiiiq costs
c)f Ilie srhr.mp Iri hru)r(lancTr Nijiih InslrLiclioris 15SllLiiI frnni Iinip Iii Iinip hy th
Wplsh Gr)vpiiimpnl. Thp granis alp fTMdp (lirer.t fr￿7 I1￿ Ip.iiclin(J aiiihnrily AIl(I
are reflecied iii Ilie fiiiai)cial siaiemeiiis of Ilie Aliiis1￿tsseS Oi)ly wlieil tlie
i)aynipnl hti% lJp.p.Ji nia(Ip aiiil Ilip rf4pvanl ninriga9p Iiiaii rpiliir.p(l. £HG is
iepayaljle Liiicler ceilaiii cii'cliii)stan￿5, Plimarily followiiici ilie sale ol a
Pfoiie(ly l)ul li￿111 iiormalty be iestricie(l io nei i)rocee(Is ol sale.
Granis receivecl iii i-elaiioi) io Hrxigng Pro￿riteS al'e showii wiihiii cre(lilOfS
dl)d (Ii%LI()sp.Il ¢1% Dv.Ivrrv(l irii-()riiv. iipl ()[ aiiiurtl%<alii)ii. Grawii% rp.LViVP.d ijl d
ievp.IiLIP Ildlijiv ¢irp Idkvii slr4titJlil l() Ilie %1<ilpiiieiit LUlllI)iel)eii%ive illLIJIJIP.
Gr(11)Is Iield d% ￿fvrrvd 1l1Lr)ri￿ are Tele<￿e￿ uver Ilie 11seliil hle ul tli
coii)poiieiil lo
hicli ilie5e ielaie Iii ¢iccordciiice witli Ihe (lei)recitilK)n i)olicy sei
oiit belobv
Housing propenies - fi'xed asset capitali5ation and deprecialion
Hoijsiw properiies nre Sl47(ed ¢71 cosl Tlie cosi of proi)erlies is Ilieir piircl)<ise
price iogeiher iyilh incidenial COSIS ol cicqiiisilion ¢ifKI direcl cosls ol Ilie
developiiieiii piocess.

Depiecialioii is cliarqed on ihe liislOI'iC cosl ol Property coiiiijoiieiits. Tlie
clepre.r.iabtp ain(JiJiil Is wriiieii ()11 ()ver ihp. eslimaie(111seliil lives Irciin Ihp. (l¢llV
c)f i?iirr.liaspltxiild.
Fi)11()wii)g Ilip iinplpiTipritalinri ijf compunp.iil accniinliiig, ce.rlairi c()miJ()iipiii% i)1
resideiiiial properiies
.'Iilli assei INes ¥gh￿l7 are (Iiffeieiii to ihe iiiaiii slrLlCtLire.
or sliell. of Iliose i)ropeities have been separately Ideiitilietl lor dei)reciaiion
ijuii)()ses. Ori Tei)knLp.iiieril ¢)1 %iJLI) asseis Ilie ijiigiridl (i%sel is iioirfleii ()11 ili)d
Ihe replaceimenl a5sel is capilalised and depiecialed over ils iiselul life. On
iiiiFileiTieritirig 11)e clial￿e ir) accouiiliiig pulicy Ilie deprecia11￿) Lliargps oi) all
iesidenlial Properlies liave tjee.ii ieiiislaied as if Ilie policy Iiad always ljeei)
applied, replacement coniponenis Pfewotisly wriiien off as niaiof cepciirs hcive
beei) reslaied as fixed asseis atid c(N)Ipui*ills wliiLli liave beeii replaced liave
een wriiiei) oll.
Depiecialiaii is cliarged oli cosi oli a sliaiglii line basis ovei Ilie coriipoiieill's
expected usefiil bfe as folky.'•s:
Applied
BLJilding sirniclLiro
Wind(IvislDoor5
Rotsls
F3¢iihroon15
Kilcl)eris
Healii)o Sysierii
B(iilvr
6.67
3.33
io
Impairment
HousiiKJ propenies are reviewed foi iini)aiiineiit oli a ie(Jiilar basis. Wliere Iliere
1% pviilpnr.p (If iinpairiTierN, pr()pp.rlips arp wrille.ii (k￿.•1) ic) IlipK rec()VPTi)lJlp
value.
f. Extraordi1￿rY Repair Resiricted Reserve
Tlie iJr(Jvisioiis ul tlip Cliililly LI)IFIlTllS%i(Mi Silienie rpyLJldliiiu Ili1% Alii)tslN)IJ%p.4
slclie tliat a Iraiislei io this liiDcl OLII of Ihe iiicoiDe ol Ilie AliiislioLJse5 11)LJSt be
IIIdd￿ aiid d Lurrp%i)()ridiiig ii)vesttTipiII ITldde iii <lLLLJriiul<ili()1i slidrps. Tlie
revit Iuéilioii elenieiil of Iliese 5h2L res is iiicluded 11) Ilie ceserve.. Tlie L15e of Ilie
fLiiid is resiiicied by ihis schenie to expenthiijre oli exlfaor(liii¢lly rep¢llr.
Iiiipr(IveiiiÈYii (Jr rebuildiriy uf Iliv Alii)sliuuses_

Investments
The inve51fflpnis ale managed by pfnfpssK)nal managers. The p()rifolio Is
striir.tiJrpil Ii) pr()viile 1￿C￿le i(J hplp fflppt Ilip (Ihjectivps [)[ tlie Almshi)Ii5PS.
The iiweslnieiii perloriikqnce is nioiiiiored ead) soar and adjustiiienis made 10
cijrre.cily rpllvcl tlip cijrrent value in Ilie acc(JiJill%.
Taxalion
Rogef Williaiiis & Queen Victofia Memoiial Almshouses is iegtstered iyilli
cliarildl)le sialus. It b￿le1￿￿ frDiii c()rp()ratiixi lax exeii)PliDIIS <*vail<ibltt 10
Lli&qlltdble Ix)dies. IF￿ bilsis Ilial its aLlivilies fall williiii lis cliarildble
puiposes and Ils funds afe api)l¢ed oiity lor these ￿trpOseS, no provision for
coiparaliori lax is iiiade.
Basis of preparation
Y lie fiiiaiiLial sialeiiieiiis liave ljeeii prepared Ori a Jc Oii)g Coriceii) basis. Tl)e
rLislees Iiave ieviei'.'ed aiid Coilsidered relevarii ii)foiii)aiiOI). ii)Llud¥ig Il)e
,Inniiiil biidgei Iliiiire C<ish llo1.￿ In mqikiiKJ their ¢issessn)eni The T￿lsIee$
liave coiicliided Iliai Iliey car) Coilts'iiue to adoi)I Ilie IJOii)g coiicerri basis iii
prcpiiiing ihc ciniiijcil rcporl lind il CCOiinlS.

FIOGÉR %VILLIAMS & QUEEM VICTORIA MEMORIAL ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
01 Il'ie )'Dcif ci?(IV.kn Jlsi L)LcciiilJer 2O2.J
2023
2022
Twnoyrr Op•ialino Opera￿ry Turn0￿1 Opprating Opoialing
Co515
Cos15
Svrplus
knr.ial l)QlJqiiiiJ
39.241)
1.5 B?5)
211>) InEvmi¥ iil?rl iixNindrfi¥¢.liom sOC411 hviisin4 li￿..￿¢¢ ch¥g¢5
iQ23
20Z2
uii'or %c.ci.Il
J'eiieictl S,,1)i)oritd IiCrtis11)lJ ,'L)r.11
112.".1
Cosi
SQ i?r)
7.891
7.83?
pi)ri)Ciai 01 liriLI% IiiJi
O;IILp¥ CQSIs
Y.6l5
10.-18.?
10..189
10 2f>
l4:9.'.111*4 C.O%.l* {)11 SOj.thl l)NJ%rf)(J ii£fi¥'
C)L' Its5
.14iifÈililS tsÈi l)r5lLxirw II•PI)- ￿1 Ch,¥ge.%
16 1¥.1,SUI'.
12.

ROGER WILLIAMS & QUEEN vicfoRIA MEMORIAL ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
For the year elided 31si Deceinber 2023
Operating Surplus
2023
2022
The oper¢111ng siirpliisldeficil 15 Staled aftei chclf.
Depiecialiuii
7,615
5.152
Elad Debl ProvFSiOI)
Aiidilows renNinercll1011, iiiclii(hng
In Ilieir C<iPticiIy 175 (iijdilors
2,210
2,633
Interest rcccivable and similar income
2023
2022
Incoiiie from lisied iiiveslilieiils
Inconie froiii biiildiiiq soaely accouiit
3.533
402
3.320
79
3.935
3.399
Interest payable and similar charges
2023
2022
Iriieivs11)ciyakAe 011 baiik Iodlls

ROGER WILLIAMS & QUEEN VICTORIA MEMORIAL ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
For the year elided 31si Deceiiiber 2023
Tangible Fixed Assels - Building Improvemenls
2023
2022
Cost
Al bÈgiiiiiiiig ol year
Coinponenis
Al èiid of yeai
190.158
165.526
24.632
190.15S
190.IS8
Depreciation
Al bcginning of yciir
Ch47rgc lor yC<ir
IL4,601
7.615
109.454
5.147
At cn(l ol yeo?r
12?..216
114.601
Net book value
eiid of year.
67.942
Tlie cost of E190.158 (2022 £190.158) relales lo Ixiildiiig
iiiiproven)eiitS Diily As ilie bLiildin(J iiself 4iias giiied 10 Ilie
Alii)sliouses. Ils cosl was nil. and Ilierelore Is iiol Included.

ROGER WILLIAMS & qiIEeN VICTORIA MEMORIAL ALMS&￿5£5
NOTCb TgTHE f.INANflAL STATEMENTS
7 LISTÉD IYVESTMENTS
p.i&c.
KI&G
Cmiity
C?
Cliai*'"
IFbCartK
Vd I'.L
Cl'&*'.y
ACiiJkxII.4lie
Nti
A(Luiiuiai
pli l j471111.￿. ZJk3
i.IfiET
.CdS
31J.JQl
T.650
1.1
Jts 61G
c.uii
c.uii.
coir
uii
iiJ¢fJtrt
V4'Li'
$1.1211
J.iJ.vJ
?16i4
2b2 ('. f<J
.11 -:1 Ik'{r￿lI￿'r-.1J&j
2023
8831 1)
lQ.553.09 1)
2.069.90 li
54 PO J.03 1)
Thi, '.Oltsl y.)ILIQ u. clie A£ii>f141L'A ￿ i l uimls ￿ CEL%* Tbi5 pep¢esor.% Ihe T￿7
73 614

ROGER WILLIAMS & QUEEN VICTORIA MEMORIAL ALMSHOUSÉS
NOTES TO THE FINANCIAL STATEMENT5
Fi'¥ Ilio. yPl1 r P.1￿￿.(1 -41.ql DE3tP.irt)th JO?.4
DEBTORS
2023
2022
Afiears
LÈ*%. Iiul Ilplxs prTrJi%ioJ)
272
397
272
4.110
5.042
397
2.0.11
2.444
Piei)aynieiilS & ncciijod iiitrjrne
Crediiors: Amoun15 lalling due
within one year
2023
2022
LILeitL¥ Lliiir(J¥ Lre(lioi
14Liinien£iiice ai)d Senrice Charqcs CredilOIS
10,140
6.160
lÉlllLTrgonieiil Ice pas¢iL
5.5115
2.711
(13
Doloi red Iiiconio noi ol .InioriisalitMi
,1144
23.949
16.931
io
Credilors: Amounls lalling due
altey Morè Ilian ane year
Delerred Inconie net ol an￿rtI￿allOn
2023
2022
III'oiK31)I fi)ii
..11cI ￿￿.1<17 HnElSii)9 (il<lnl
Inoi115e(I 10 31 Deceiiil)er 2022
Aino(IiqQ(I fliJlll)(J }'P.11
L<llli?Il lorsvtlfd sDr.Ili l H￿Lj.￿￿9 tsrrWI
1:4tl.415
{90.924}
(86.7801
[4.i44
43 4115
41.1*14

ROGER WILLIAMS & QUEEN VICTORIA MEMORIAL ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
Foi IliÈty yP-It l 9.i)clpd 31st l)p.c.wiil)pi 202.1
li
Number ol Uniis in Ma￿agenie•ll
2023
2022
Nurnl)or
Ai be.ginniry a￿1 ond of s￿ar
11 iiiiiis ale Iri¢lli¢llJV(I l)y Meliii HuiTies Ll
12
Trustees RemunLYation
No lcinuncr<il￿jI￿ piid io Tiusiccs duiilxl Ih(' Cijiielil ai prtrcednq
yoars.
13
Regislr4ltion
T1￿ Mln)JhoLiseJ iiro roqisieied lill￿(17 I1￿ Clkii,'i'4 CornnNrJSIDnerr
aiKI TIIL IhJelsh
14
Social Housing Granl
The ioial ciiiiiuldlbve an)ouiil ol s￿al H￿1%1)g Giai)I received l)y t￿ AssoGiatson Is
as lollovis-.-
2023
2022
.)O,i.l¢il ￿￿1￿1119 C>frini
ISA.4Tr3

'ROGER WILLIAMS AND QUEEN VICTORIA MEMORIAL ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
Fi)r Ilit: yV•*ir pn(Iv(13141 Dpcpmhp.r 2023
IS Contingent Liabilities
Tliv Assi)Liciliuri lid% d(k)i)led tlie ievisEd Sldieiiierii ()1 Rec<)[￿rTie11ded
Pril(:IiLe {SORP) 20111.
A% required l)y SORP 2018 Ilie Ass¢)Liiilii)ii ￿1{)[11ses ils yr<ifii c)ver 11)e
uselul economic life of lis proper(ies.
As siaied ij) 11)e accuui)lii)g p￿iLies. s()Cidl I￿uSI1)g graiil is iei)ay<ilJle
iii ceriaiii Lircuiiisiarices aiid Ilierefore aiiy an)ouiils wiillei) oll ctsuld
lje liaEJle lor repayiiierii. ar)￿ul)I io dale Ilial Ilie Associatioil iiiay
iieed io rep¢iy shoiil(I Ihese urcLinistciiices i?iise is E119, 192.
16 Related Party Transaclions
L)uriiig Ilie year 11)e assock41ioii riiade ille lollo'•aiig liarisactioiis ivojili
Ilie fiusiee
Kliificl(Jcnienl c1147rge5
£11.171
P(Irch4lSCS
£25.382
AnioiJl115 (Jijc 471 b%ilcincc 5hcol dcilc F12,681

ROGER WILLIAMS & QUEEN VICTORIA MEMORIAL ALMSHOUSES
NOTES TO THE STATEMENT OF COMPREHENSIVE INCOME ACCOUNT
For il* yeai elided 31st DeLeiiibei 2U23
Notes
2023
2022
INCOME
Incame
39.240
35.594
39.240
35.594
EXPENDITURE
MLlna Jc eiiieni lee
11.171
10,846
Oay 10 da}i ieslairs
M1( jot. Rei)[IllS
Cyclictil Re(leco(<l[101)
8¢iiJ Debis
SpriJice cosls
Oei)recicillOI)
8.763
50,726
7.887
13.207
6.490
7.615
1.518
?.?LO
235
3G
5,B90
5,152
1,444
Aiidil lo.p
Slil)sLripli￿7
Misf.pll¢1noaLI
224
45.925
operating siirplus l (deficit)
(6.G115)
(54.J91)
Add: Otlior Inconie
IilioiTrie fioiii iilvvsiiiierlls
iILiildiiiJ( S1)civl} i*i)0sil Iiileiesl
3.533
402
3.320
19
3,3CJ¢J
12.750)
(51.192)
movenip.iil nii lJr valur ol Financial In￿[i1rneniS
19.213
(17.IfA)
Siiri)liis l ((leficit) for tlie year
16.463
(68,3 JI 6)
Thiq )Il
e doe.s noi foi iii
-irt of ttie SiaiiilOI IHiaii¢ial siaieniei)IS

ROGER WILLIAMS & QUEEN VICTORIA MEMORIAL ALMSHOUSES
NOTES TO THE STATEMENT OF COMPREHENSIVE INCOME ACCOUNT
FDr the yeai. e{￿ed 31s( Deceinber 2023
Income
2023
2022
Gr05s conlributions feceivi¢ ble Ironi OCCUPcints 35,722
Less.. Voids
1502)
Grcini An10r￿Sed
4,144
Reril Arrears ￿lIe ofl
124
39.240
33.978
(2.528)
4,144
35,594
MISCELLANEOUS
2023
2022
Vi)IKhe.r
Postalie
TV Liceiice
Taxis
36
63
36
63
This
e does not form
In of the staiiito
Iiiiaiicial ￿atemen15