MOORE Kingston Smith THE PARISH CHURCH OF ST. PETER, ST. ALBANS UNITED ALMSHOUSE CHARITIES Statement of Unaudited Accounts For the year ended 31 December 2020 R•glStored Charlty No, 221416
THE PARISH CHURCH OF ST. PETER, ST. ALBANS UNITED ALMSHOUSE CHARITIES GENERAL INFORMATION For the year ended 31 December 2020 Ch•rlty Numb•r 221416 Addr¥ St. Pelef8 Church Office Sl. Peter's Street St. Albans Hartfordshlre AL1 3HG Bank•r8 CharlU8s Ald Foundation 8ank Ltd 25 Kings Hill Avenue Kings Hill West Malllng Kant ME19 4TA C8nlro1 Board of Flnance of tha Church of England Sen81or House 85 Queen VSclorla Street London EC4V 4ET The Sl. Alb8ns Dlocesan Board of Fln8nce Howell Lodge 41 Hill Sl. Albons Hertlordshlre AL11HE lTrd•p•nd•nt Eumln•r Moore Kingston Smllh LLP 4 Victoria SquBre Sl. Albans Hertlordshir AL13TF Page 1
THE PARISH CHURCH OF ST. PETER, ST. ALBANS UNITED ALMSHOUSE CHARITIES TRUSTEES. REPORT For the year ended 31 December 2020 The trustees present their ieport and the financial statements for tha year ended 31 December 2020. Constitutlon and Objè¢ts The charity was 8Stablished under a scheme dated 27th February 1953 and w8s régistered as a charity on 8th August 1963. numb8r 221416. The charfly's object8 are the adminlstro1Son and malnlenance of 6 Alm8houses. Tru¥te•s During the year the Trusl88s were.. Mr Mark Waller Mr Mlke Langston Mr Rlchar(18uller Mr Peter Court Revd Mark Dearnley Mr Paul 08an Mrs Kale Rudli Chairman Treasurer 8x.offl¢lo appc4nled 30 May 2020 Furthgr trustee appolnlmen18 are made by the Gurrenl Iru$leg8. A¢tlvltl•• •nd achl•v•m•nt• Income In the year was 98neraled from Inve¥lments and malnlenance ¢onlrSbullon which arnounl8d lo £26,637 The funds were 8penl on the maintenance, rep8lrs, supply ol w81er and centr81 heallng for 6 Almshous88. R•*orv•• Policy The trustees alm lo ka9p 8 mlnimum of £SO,000 In unrestrlcte(I fund8. Compllanc• The accounts comply wlh 811 current stalulory roquSremenls, the requlremen15 of thé Trust Deed and thè raqulrements of the Slalemenl ol Recommgnded Pracllce 8ppIIc8ble lo chariti85 prepartng Ihair accounts in accordancg with th8 Flnanclal Reportlng Standard 8ppIKable in Ihg UK and Republic of Ireland {Tha FRS 102 Charltles SORPI. Publ1¢ 8on•flt The Trust88s have given due consideration lo Charity Commlsslon guidance on the operallon of Ihe Publlc Ben8f requ1ment and idgnlify that b8nolit occurs in ihese categorie8, whlch are all rrIOd out for the purp08e ol the administratbn and malnlenanc8 of 6 Amshouse8'. provlding accommodalSon for the ek1erly In need in the parlsh of St Petorfs St Albans gn8bllng the elderly lo live independently ¥thIn 8 safe and caring community 8llevialing pressu on th8 Stock of Sla1 housing in Sl Albans by providing Spgcific housing for ihe elderfy in need. Page 2
THE PARISH CHURCH OF ST. PETER, ST. ALBANS UNITED ALMSHOUSE CHARITIES TRUSTEES. REPORT {CONTINUEDI For the year 8nded 31 December 2020 Statom•nt of Tru8teg8' R•spon$lbllltlos The Irusle88 are r&9ponb1e for preparfng tho Trustees. Report and the flnanclal st818menl$ in accordance with applicable law and Uni19d Kingdom Accounlbng Standards. Th8 law applicablg to Char188 In England & Wale8 requires the Iruslegs to prgpare fin8ncio1 slatemenls for each IlnancS8l ye8r whlch giva a true and fair view of the stalo of the 8ffairs of the charity and of the Incomlng res¢urces and 8pplicalion of rasourcos of the charlly for Ih8t pwiod. In preparing these flnanclal statements. the trustg9s aro roquired lo.. select suitable accounllng pollcles and than apply thgm ¢onslslontly', observe the method5 and principl8s in the Chari118s SORP.. make judgements and aslimales that are reasonable and prud8nl'. sta18 wh8thar applicable accounung standards hav8 been followed, sublaci lo any m8lerlal departur88 dl8clo8ed 8nd explalned In the flnancial slatam8nls', prepare the financlal slalements on th8 golng concem ba818 unles81118 Inapproprfale lo presuma that the charlty wll contlnue In oper8110n. The Iru81èe8 ar8 TasponBible lor keeplng prop6r accounung records that dlsclose wtth rg83onoblg accuracy a18ny tlme the Ilnanclal posllion of the charity ond onable them to ensure Ihal the fbnancial 818lemenls comply wlth the Charlties Act 2011, Iho appllcable CharY {Accounls and Reportsl Regulatlons and th8 provisions of the trust deed. They 8r8 8180 rasponsible for safeguarding the ass8ts ol the charity and hence for laklng re88onable 3tsp8 lor the pr8v8nlion and detection of froud end other Irregularillo8. On beholf of the Trustees Mr. M. Lang#t Treasurer Dale.. I,Iz GZI Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF UNITED ALMSHOUSE CHARITIES For the year ended 31 December 2020 I report on the accounts of the United Almshouse Charities for the year ènded 31 De¢embor 2020, which comprise the Statement of FinancAal Activities. 8alan¢e Shèet and r8lalèd not8s. ReBpective Re5ponsibilltles of Trustees and Ex•mln0r The charrtvs trustees are responslble for the preparallon of the accounts. The ch8rrty's Irusle88 consider that an 8udit is not requlred for Ihls year under section 144121 of th6 Charities Act 2011 Ilhe 2011 Act) and that an ndependent examlnation is needed. It18 my spOnsIbl11fy to: examSne the accounts under section 145 01 tha 2011 Acl, lo follow the proc8dur8s l3Sd down In the general Direcllon8 glvan by Ihè Charfly Commission undèr saciion 14515llbl of the 2011 Act,. and 10 81818 v4hglher particular malier8 have come to my attention. Basls of Ind•p•nd•nt Examlnerfg Report My examlnalion was carriad OLJI In accordanc8 with the g8n8r81 DlreclSons glven by the Charity Comm1881on. An gxamlnation includes a revlow of the accounllng rècords kept by thé charity and 8 comparison of tha accounts presented with th088 records. It also Includ8s consldgrallon ol ony unusual Item8 or disclosures In the account8, and seeklng explanalSons from you as Irustegs concarning 8ny such mallers. The precedur88 undertaken do not provid8 all th8 evidence that would be requlred In an audit and consequently no oplnlon is glven os to whelher the accounts present a 'liue and falr vl8w' and the report is limlled to th038 rnallers sol out In the $lalement below. Indop?ndent Exllmln•rf• St•t•m•nt In connecllon with my 8xarnlnalk)n, no matter has come lo my attenllon.. 11) whlch glve8 me reasonable causa lo believe Ihol in any malorial respect the requlremenls.. to keep accounting records In accordanca wlth sg¢1ion 130 of the 2011 Act,. and to prgpare accounis which accord with tho 8ccounling records and compty wlth the accn[lng requlrem8nl8 of tho 2011 Act have not bean met.. or {21 lo whlch, in my oplnlon, 8ttenlKJn should ba drawn in order lo enable a proper understanding of Ihg 8ocounls lo be raached. SILVIA VITIELLO Moor• Klng8ton Smlth LLP Chartered Accountants 4 Viclorl8 Squara St. Albans Hertlordshir AL13TF D8te.' 2210612021 Pago 4
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THE PARISH CHURCH OF ST. PETER, ST ALBANS UNITED ALMSHOUSE CHARITIES BALANCE SHEET AS AT 31 DECEMBER 2019 Not• 2020 2020 2019 2019 Flx•d A•set* Tangible fixed ass&ts Investments 1,380,000 184,795 1.564,795 1,380,000 182.995 1,582,995 Current A8S•ts Olh&r d8blor8 Deposit fund Cash al bank 5,145 40.011 42.808 87,962 1,988 37,903 33.632 73,503 Llabllltl••: Credltor8.' Amounts falllng dug vAlhin one year 268 260 N•t curr•nt aJs•ts 87,694 Total N•1 A•i•ts 1652,489 1,636.238 Tho funds gf lh• charlty Unre51ricled funds 1,652 489 1636,238 Theso accounts were approved by tho Tiuslee¥ of Unilod Almsh¢)use Charitses on thelr behaw.. and signed on Mr. M. L•ng8to Trustee Pag8 6
THE PARISH CHURCH OF ST. PETER, ST ALBANS UNITED ALMSHOUSE CHARITIES NOTES TO THE ACCOUNTS For the y8ar ended 31 December 2020 AcUting Pollcles •) The financial slalemenls have been pr8par8d in Becord8n¢e wtth the Statement of Recommended Practice applicable to chariti8s pf8paring thèir 8ecoun15 in accordance wlh the Financial Reporting Standard applicabl8 in the UK and RapUbl of Iréland {The FRS 102 Charities SORPI and Charities Act 2011. bl The 8ccounts h8ve bean prepared on a going concern basis. The Truslees believe thls Is an approprlale ba818 giv the consislenl level of income receivable. cl Land and buildings hold on bohalf of tho ch8rily fci lis own purposes is valued al market value. No depreciatlon Is charged against such properties bul 8ny mainl8nance or improvement Ss written off as incurr6d. d) Inve51menls are ststed at marf(8t V8lu8 Bt the balance sheet d8t8. The not galns and 108868 cfi r6v8lualion and disposa15 are charged lo the Statement of Financial AclivS1ies. •) Income and expenditure is included in th8 accounts in the perlod to vthlch It relates. There are no expen885 common to all activi118S that require all(0¢10n beknn headings. fj Unreslricled funds these are funds whl¢h be used in accordance with the charitable objects al th discrellon of the trustees. 91 Cash 01 bank and in hand cash al bank and cash In hand InGludg$ $h and short lerm hlghly Ilquld Inveslmenls with a short malurlly of Ihrae monlhs or less from the dale of aoquSs+Uon or opening of the dew811 or 8imllar account. h) Flnancial inslnjmenls - the charity only has linanclal assets and flnancial li8biliti8s ol a kind that qu81ily as bas financial in51rumenls. Basic finan¢lal Instruments are initially recognised al Iran5aclion value and Bubsequently measured 01 their settl8menl v8lue. 2 Other co•t• 2020 2019 Independent exaMIn8on Insuranc Subscriptions 8ank Chargos Adminislr811ve 8aL8ries recharge Sundry 280 1,138 359 60 2.700 115 4.632 254 1,102 169 1,585 3 Tru8te•s No trusteo recelved any remuneration for their services or the reimbursomont of gxpgns95 during the year12019'. £nll}. Pag8 7
THE PARISH CHURCH OF ST. PETER, ST ALBANS UNITED ALMSHOUSE CHARITIES NOTES TO THE ACCOUNTS For the year ended 31 De¢ember 2020 4 TangSble fix•d assets Fr•èhold Ignd and buildings At 1 January 2020 1.380,000 At 31 D8cember 2020 1,380.0 N•1 book valuo At 31 Dgcember 2020 1,380.000 Al 31 December 2019 1,380,000 6 Investm•nts 2020 2019 Mark&t valua at 1 J8nu8ry Addibon5 (dividends rainv8sled} Unr8alised galns I (Ioss881 182,995 2,242 442 154,442 2,113 26,440 Market value at 31 December 184.795 182,995 Al 31 Decgmber 2020 the f01ltrng Inve8lment holdlngs ex¢eedgd 5% of the portfolS0 value.. 2020 2019 M&G Accumulallon lurKI M&G Income fund8 Central 8oard of Flnance 55,879 47,398 57.716 51.224 74,054 184,794 182,995 O Oth•r d•btor• 2020 2019 Prepayments and accrued income An•lysl$ of movem•nt of funds vftrè81id Paymgnts gainsllloss•#l Balance 3111212020 Balance 0110112020 Inv••tm•nt R•c•ipt8 Income G8neral Fund8 256,238 4.355 24.210 111,806) 1448} 272.489 Rovaluatlon Reserve 1,380.000 1.380,000 1,636,238 4,355 24.210 111.8681 14481 1,652.489 Paoe 8
THE PARISH CHURCH OF ST. PETER, ST ALBANS UNITED ALMSHOUSE CHARITIES NOTES TO THE ACCOUNTS For the year ended 31 Dember 2020 An•lysis of net a•••ts Unre8trlct•d Rovalu•15on Fund¥ r•s•rvo 2020 Tot•1 2019 Total Tangible fixed assets Investments Current assèts Crodltors due wlthln ona year 1.380,000 184,795 87,962 268 1.380,000 184,795 87.962 1,380,000 182,995 73,503 260 Nel A38ets 1,852,489 1.852.489 1.836,238 The revaluation reserv8 Is Induded wlhin unroslrict8d funds. Page 9