PONTEFRAcfand ACKWORTH ALMSHOUSE CHARITY REG NO 223334 COMMENTS ON THE ACCOUNTS FOR THE YEAR ENDED 31" DECEMBER 2022 The Year 2022 has proved a very difficult one but a very rewarding one for the residents with the extra Social events arranged by Andrea, especially the Jubilee lebrationS marking the Queen's 70 years as Monareh. The Year was also special forthe extensive renovations of the Robson'sAlrn5houses which entailed extra care in choice of materials etc forthe5e units within the Castle conservation area. Although addin8 518nifiEantly to the costs, the 4 units have benefited greatlyfrom the work done and should remainfreefroffl further major work In the future. ALMSHOUSES INCOME Although there have been some vècancies during the yearfollowingthe Deaths of Mrs Pe3fmèn and Mrs Chaprnan and the move5 of Bill Reeve into Care and Brian Riddiough moving to live near his Daughter dDwn South for health reasons, the increased maintenance chawes on new residents has helped in Increasing the annual income from £37.562 to £40,084 an increase of 6.7% but down on the Budget of £44k which did not anticipate the delays in finding new residents, and 3, Robsons will be v8¢ant fora few weeks yet following Brian Riddiough's move and the significant Cleansing and decoratirE needed in the meantime. PROPERTIES Rents have decreased sli8htly to £10481 frorn £11386 in 20213 drop OF£905, £108 of thi5 was remedial work on 34 Mgate for EICR done by National Safety Inspections Ltd. The remaining £797 will be forthe timing of paymentsfrom WMDCfor Housin8 beneflts totalling £716 aprox paid 4 Weekly. LAND RENTS Have now ¢eased following sale to Carters in late 2021. INVESTMENTS Dividends on oui Inrome Bearing investments with CCLA increased to £32,957.80 frDrn £31023.13 an increase of £1934.67 i.e. 6.23 % and Deposit interest frorn COIF increased to É186.67 from £1.61 in 202L. The increases in both are down to the fact that we have invested the bulk of profits from the sale of land to Copleys, and Carters In 2021 ènd 2022 into The Building Fund which 15 Sncome bearing. EXPENDITURE To raise funds to cover the extensive c05t of Robsons we 501d units in the ER Fund Inon income unitsl to raise £175,ofMI in 2022 1£170k,inc VAT for Robson5 sfre details attachedl and a150 help cover the other renew315, irnprovements expenses detalled on the Repairs Sheet Inew kitchens, new boiler, new showers etc and decoration costsl. On the Repairs sheet you will see details of the sevÉral social events lincl. Xrnas Lunch I the aged paytnent £833.10] for accoTnmodating lan Westwo¢d in King's Croft whilst I, Rob50n5 Was out of actionl and £646 payments for Ase Uk and £60 5COOter Service for lan
OTHER EXPENDITURE The main items are the increases In the payments to Honorarium5 agreed at the beginning of the yearand the inve5trnent of £55,000 in CCLA Buildin8 Fund. mainly the net sale receipts of the Carter Land1£39,0001 plus the excess of Income in 2021. OVERALL We see an exce55 of Expendlture of some £56.830, butthis include5 the investment of £55,000 earlier in the year in the 8uildin8 Fund, akhough the main irnpact on fin¢la1 sitU8ti¢n has been the Robson's renovations with the cost of £170k coming from sale of £175k of units in the CCLA ER Fijnd. This means that our overall investments in CCLA accounts have reduced by £332.549 from the 2021 £2,017,802 to the present £1.685,252 116.4%] the bulk of the fall, of course. is in the ER Fund1£462.437 dtrv4n to £253,327]. Despite the injection of £55,DDO into the Buildin8 Fund In early 2022 the end of yearv31ue of that fund increased by a very nominal £895 from £416.517 to £417.412. On the brightef side the 8uildin8 Fund now preSeTrts roughly 25% of the total portfolio as against 20.6% in 2021 and the dividends from It should at least maintain its 2022 performance. The proEress of the ER Fund wlll be slower and it will take rnanyyeaTS of our committed £30P. irive5trnent there to get it anywhere bridging the gap between its 2021figure of £462.437 and present £253,327. A5 we are on the look-out for land to build on, it 15 Vltal that we Concentrate on topping up the Building Fund to provide Capital and because of it)¢rease in dividends to help cash flow. With the high standards of the Property Portfolio wo would hope not to be faced with another renovation project on the same maRnitude as Rob50n'sll Lookin8 back cn 2022 a lot of hard work has been put in by TrustÈÈs undÈr the leadership of Andrea and John with the highlights being thevast improvements at Robsons and, on the Socia5 side, the festivities In the marquee. on the lawn at Ryder Close to lEbrate the Queen'sJubilee. Ron Firth Hon. Tr2a5urer. I" Feb 2023.
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RENOVATIONS AT ROBSONS IINCL VAT] ALTOR CONSTRUCTIONS PORTAL PLAN5 LHLGROUP GROLIT INSURANCE RE W.I.P. TOTAL 163.800.22 490.1)0 5.580.00 141.12 170,011.34
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I report ontheAccounts ofihe Pontefractand Ackworth Almsho Oritie5forthe yearended 31 December 2022 whh are set out on the attadd pa¥e5. ctwe re5 n$1((1 te and Examlner A5the ChariV5tru5tees you are responsible fwthe preparion of the Accounts." and you wnsiderthat the audit requSremert of Sèrt¥on 43121 ofthe CharitSACt 1993 Ithe Artl does rts)t apply. It ts my reSpobIlitYto $E, Dnthe ba515 tif procedures speofied i•theGenerdl tlirertion5 bythe Charity Commwioners underSettfjon43lbl oftheAci. whetheTparhcularmatters have cometo rnv attention. Basis of Inde ndent Examinerf5 Re ort Myexaminatboo ¥*as tarried out in accordan with the Genernl ThrectS0¢)swven bythe Charitv Commissioners. An examination irKludes a reviewofthe accounting rordS kept bythetharfty and a comparfsonofthe Accounts presented With those records. Italso includes consideration of any unusual iterns ordi5closure5 in tht Attount5and seekiryexptanationsfrom you asTrustee5concerning any such matters. The protrdurek undertakendo rM)t pro¥ide¥ll the evidence thatwtTruld be reqUId in an audTt and consequentty I do not express an auditopinion on the viewyven bytheAccounts. endent ExamlneVsStatÈment In conneaion with myexamination, no matterhHscometo myattenfjott".. whlch gwes reasonable tause to bplieve thattn any material re$kthe requirements to keep accoujknng records in accordan wth 5ertK)tt41 ofthe Att.. and to prepare accourkts which accord wjth the accounting records andto comply wth acCounnE requiTement of theAct have not Lren rf or to which. in myop1Trit. attention shoukl be drawn In orderto eae a proper understandSnÉ of the Accountsto be reached. J & D ACCountarV5eeS 11 NorthleiÈh East HardwKk Portefract Westyorkshlre WF8 3DR .Date'. Fe uary 2023