2021-12-31-accounts - United Almshouse Charities

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THE PARISH CHURCH OF ST. PETER, ST. ALBANS UNITED ALMSHOUSE CHARITIES

Statement of Unaudited Accounts For the year ended 31 December 2021

Registered Charity No. 221416

THE PARISH CHURCH OF ST. PETER, ST. ALBANS UNITED ALMSHOUSE CHARITIES GENERAL INFORMATION For the year ended 31 December 2021

Charity Number	221416
Address	St. Peter's Church Office
	St. Peter's Street
	St. Albans
	Hertfordshire
	AL1 3HG
Bankers	Charities Aid Foundation Bank Ltd
	25 Kings Hill Avenue
	Kings Hill
	West Malling
	Kent
	ME19 4TA
	Central Board of Finance ofthe Church ofEngland
	Senator House
	85 Queen Victoria Street
	London
	EC4V4ET
	The St. Albans Diocesan Board of Finance
	Holywell Lodge
	41 Holywell Hill
	St. Albans
	Hertfordshire
	AL1 1HE
Independent Examiner	Moore Kingston Smith LLP
	4 Victoria Square
	St. Albans
	Hertfordshire
	AL13TF

Page 1

THE PARISH CHURCH OF ST. PETER, ST. ALBANS UNITED ALMSHOUSE CHARITIES TRUSTEES' REPORT For the year ended 31 December 2021

The trustees present their report and the financial statements for the year ended 31 December 2021.

Constitution and Objects

The charity was established under a scheme dated 27th February 1953 and was registered as a charity on 8th August 1963, number 221416.

The charity's objects are the administration and maintenance of 6 Almshouses.

Trustees

During the year the Trustees were:

Mr Mark Waller Chairman Mr Mike Langston Treasurer Mr Richard Butler Mr Peter Court Revd Mark Dearnley ex-officio Mr Paul Dean Mrs Kate Rudlin

Further trustee appointments are made by the current trustees.

Activities and achievements

Income in the year was generated from investments and maintenance contribution which amounted to £28,533 The funds were spent on the maintenance, repairs, supply of water and central heating for 6 Almshouses.

Reserves Policy

The trustees aim to keep a minimum of £50,000 in unrestricted funds.

Compliance

The accounts comply with all current statutory requirements, the requirements of the Trust Deed and the requirements of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (The FRS 102 Charities SORP).

Public Benefit

The Trustees have given due consideration to Charity Commission guidance on the operation of the Public Benefit requirement and identify that benefit occurs in these categories, which are all carried out for the purpose of the administration and maintenance of 6 Almshouses:

. providing accommodation for the elderly in need in the parish of St Peter's St Albans ; enabling the elderly to live independently within a safe and caring community : alleviating pressure on the stock of social housing in St Albans by providing specific housing for the elderly in need.

Page 2

THE PARISH CHURCH OF ST. PETER, ST. ALBANS UNITED ALMSHOUSE CHARITIES TRUSTEES' REPORT (CONTINUED) For the year ended 31 December 2021

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards.

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
« make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charity (Accounts and Reports) Regulations and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

On behalf of the Trustees

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Mr. M. Langston ,
Treasurer
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Date: = / 72 |rk,
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF UNITED ALMSHOUSE CHARITIES For the year ended 31 December 2021

ee

| report on the accounts of the United Almshouse Charities for the year ended 31 December 2021, which comprise the Statement of Financial Activities, Balance Sheet and related notes.

Respective Responsibilities of Trustees and Examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:
examine the accounts under section 145 of the 2011 Act:
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
— to state whether particular matters have come to my attention.

Basis of Independent Examiner's Report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view' and the report is limited to those matters set out in the statement below.

Independent Examiner's Statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

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3 ic J
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SILVIA VITIELLO FCCA

Moore Kingston Smith LLP

Chartered Accountants

4 Victoria Square St. Albans Hertfordshire AL1 3TF __ - Date: bo. } uly 20 (83

See

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THE PARISH CHURCH OF ST. PETER, ST ALBANS UNITED ALMSHOUSE CHARITIES STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 December 2021

				2021			2020
		General Funds	Revaluation Reserve	Total Funds	General Funds	Revaluation Reserve	Total Funds
		£	£	£	£	£	£
Income and endowments from:
Charitable activities
Maintenance contribution		24,258	-	24,258	24,210	-	24,210
Investments
Bankinterest receivable		18	-	15	124	-	124
Dividends Total		4,260 28,533	- -	4,260 28,533	4,231 28,565	= -	4,231 28,565
Expenditure on:
Charitable activities
Almshouse running expenses Maintenance		3,556 6,137	- -	3,556 5,137	3,267 3,967	- -	3,267 3,967
Other	2	16,660	-	16,660	4,632	-	4,632
Total		25,353	-	25,353	11,866	-	11,866
Net income/(expenditure)		3,180	-	3,180	16,699	-	16,699
Other recognised gains/{losses):
Unrealised gains/(losses) on nmveainante	5	23,321	.	23,321	(448)	=	(448)
NetMovement inFunds		26,501	-	26,501	16,251	-	16,254
Reconciliation of funds:
Balance broughtforward from 31 December2020		272,489	41,360,000	1,652,489	256,238	1,380,000	1,636,238
Balance carried forward at 31 December2021	7	298,990	1,380,000	1,678,990	272,489	1,386,000	1,652,489

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THE PARISH CHURCH OF ST. PETER, ST ALBANS UNITED ALMSHOUSE CHARITIES BALANCE SHEET AS AT 31 DECEMBER 2021

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Note 2021 2021 2020 2020
£ £ £ £
Fixed Assets
Tangible fixed assets 4 1,380,000 1,380,000
Investments 5 210,506 184,795
1,590,506 1,564,795
Current Assets
Other debtors 6 1,007 5,145
Deposit fund 41,897 40,011
Cash at bank 46,120 42,806
89,024 87,962
Liabilities:
Creditors: Amounts falling due within one year 540 268
Net current assets 88,484 87,694
Total Net Assets 1,678,990 1,652,489
The funds of the charity
Unrestricted funds 7 1,678,990 1,652,489
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These accounts were approved by the Trustees of United Almshouse Charities on us [t [arene signed on their behalf:

Mr.TTM. LangstonPs ==> Trustee

Page 6

THE PARISH CHURCH OF ST. PETER, ST ALBANS UNITED ALMSHOUSE CHARITIES NOTES TO THE ACCOUNTS For the year ended 31 December 2021

1 Accounting Policies
a) The financial statements have been prepared in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (The FRS 102 Charities SORP) and Charities Act 2011.
b) The accounts have been prepared on a going concern basis. The Trustees believe this is an appropriate basis given the consistent level of income receivable.
c) Land and buildings held on behalf of the charity for its own purposes is valued at market value. No depreciation is charged against such properties but any maintenance or improvement is written off as incurred.
d) Investments are stated at market value at the balance sheet date. The net gains and losses on revaluation and disposals are charged to the Statement of Financial Activities.
e) Income and expenditure is included in the accounts in the period to which it relates. There are no expenses common to all activities that require allocation between headings.
f) Unrestricted funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
g) Cash at bank and in hand - cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
h) Financial instruments - the charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
2 Other costs

Other costs	2021	2020
	£	£
Independent examination	572	260
Insurance	4,179	1,138
Subscriptions	210	359
Bank Charges	96	60
Administrative salaries recharge	2,289	2,700
Sundry	4,403	115
Council Tax	177	-
Bad Debt	7,734	.
	16,660	4,632

=Trustees

No trustee received any remuneration for their services or the reimbursement of expenses during the year (2020: fnil).

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THE PARISH CHURCH OF ST. PETER, ST ALBANS UNITED ALMSHOUSE CHARITIES NOTES TO THE ACCOUNTS For the year ended 31 December 2021

4 Tangible fixed assets

Tangible fixed assets Freehold land and buildings £ At 1 January 2020 1,380,000

At 31 December 2021 1,380,000

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|||||| |---|---|---|---|---| |Net|book|value| |At|31|December|2021|1,380,000| |At|31|December|2020|1,380,000|