**REGISTERED CHARITY NUMBER: 229682** ## **WINWOOD ALMSHOUSES TRUST** ## **RECEIPTS AND PAYMENTS ACCOUNTS** **FOR THE YEAR ENDED 31 DECEMBER 2021** **WINWOOD ALMSHOUSES TRUST** ## **FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** ## CONTENTS ||Page| |---|---| |Trustees Report|1 to 2| |Independent Examiner's Report|3| |Receipts and Payments|4| |Statement of Assets|5| |Notes|6 to 7| **WINWOOD ALMSHOUSES TRUST** ## **REGISTERED CHARITY NUMBER 229682** ## **TRUSTEES REPORT FOR THE YEAR ENDED 31ST DECEMBER 2021** __________________________________________________________________________________ ## STATUS AND PRINCIPAL OBJECTS The Charity is a trust and was founded in 1687 by Richard Winwood to provide almshouses for poor widows and widowers of the parish of Quainton. He endowed the Trust with 'lands and tenements' to meet running costs. Over the years, the buildings have been maintained, whilst being occupied by residents, and the endowments husbanded to provide security for them. In 1982, the Charity Commissioners prepared a (revised) Scheme for the Administration of the Charity. Under that scheme, four trustees are appointed by Quainton Parish Council, two by Aylesbury Vale District Council (AVDC) and one, being ex-officio, is the Vicar of Quainton, or the member of the Schorne Team having special responsibility for Quainton. After a variation to the Scheme in 2019 the Trustees are empowered to co-opt up to 3 trustees to their number. On 1 April 2020 AVDC was merged into Buckinghamshire County Council (B.C.C.) who assume the duties under the Scheme. ## MAIN ACTIVITIES The main activities of the Charity is the provision of almshouse accommodation which is supported by the commercial let of its other properties. ## TRUSTEES NAMES AND OFFICIALS During 2021, the following Trustees have held office: Appointees of B.C.C.: Mr N. Buck, Sir B.D. Stanier Bt (appointed 8 December 2021) Appointees of Q.P.C.: Mrs A.C. Lucas, Mr E.P. Serjeant (resigned 15 September 2021), Mrs J. Saunders, Mr J. Fennimore and Mr N. Butler (appointed 8 December 2021) Ex-officio: Reverend S. Flashman Co-opted: Mr P.J.B. Croker, Mrs C.L. Serjeant (appointed 7 April 2021) Mrs E Toth is the Clerk to the Trustees and the administration of the Trust is undertaken from her home in Cross Farm Cottage, Upper Street, Quainton, Aylesbury, Buckinghamshire HP22 4AY, which also acts as the address for the Trust. The Trust's bankers are Lloyds Bank of Market Square, Aylesbury. The Accountants are Hillier Hopkins LLP, Chartered Accountants, of 249 Silbury Boulevard, Milton Keynes. The Trust's Solicitors are Parrott and Coales, of Bourbon Street, Aylesbury. The Land Agents are Robert Serjeant, Rural Surveyors of Denham Hill Farm, Quainton, Bucks. ## ACCOUNTING METHOD The Trustees have considered recent changes in Charity Law and the new accounting requirements within Accounting and Reporting by Charities: Statement of Recommended Practice FRS102. They have concluded that the Charity will not benefit from applying SORP FRS102 and will take advantage of the provisions available for smaller charities and report on a receipts and payments basis. Page 1 ljk NDED DE EM ER2 THEY Trustees met four time5 during year t￿sInesS. LX* to the covid pa[KI￿1¢ one of these rneetjngs was hdd renN)tdy. The Tntst conbnu8J to wovide al￿G1￿jj5e accomrn(rfJathn a￿1 sUpp￿t throwhout the year. On 17th Juty 2019 the SecTetary of for TraiHKXt of TTh￿t lands l￿manendY required for HS2. ￿rtIe BM 3Crf9222 February 3rd 2020). No Mon￿ haye teen retrNed yet. During the year there was no other ￿lIftant athity rdatirmj to the Tn￿S Pr￿tie All exp￿rtUre was authori5ed by (V￿ Tnbt The Trustee5' and apF*oval of the Tnjsvs li￿ was uTh*ongoJ from last year. The reseNes are beiTrJ held to meet firture eXpthJ￿￿ exkHtsI to t* made on Improvements to the alms1￿￿ and other Trust PfOFerti Unrestri¢Xed reseNes indude t*K￿ deggrth for the wfic [AIr￿se of Extraordinary Repalrs. These comprfse an endowmert tKJlding of 1,622 sha￿$ In M&G's ￿￿rIty Mulli Agset A￿Mulation Fund {c05t £22.944) arKI general reserves inve*d in the same Fu￿] (crst £19,552). The Extraordinary Repalrs reseNes are rewewed annualty arwj increas&J as required but by an amwnt r•)t less than £360. On behalf of the Tnjstees: ACTh_ A.C. LUC4S Trustee PJ.B. CAOKER ILI 3110*2 Page 2 **WINWOOD ALMSHOUSES TRUST** ## **REGISTERED CHARITY NUMBER 229682** ## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021** __________________________________________________________________________________ I report on the accounts of the charity for the year ended 31 December 2021 which are set out on pages 4 to 7. ## 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; - follow the procedures laid down in the general Directions given by the Charity Commission under - section 145(5)(b) of the 2011 Act; and - 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. ## **Neal Carter ACA** Hillier Hopkins LLP Chartered Accountants 249 Silbury Boulevard Milton Keynes Bucks. MK9 1NA > Date: 11 April 2022 Page 3 ## **WINWOOD ALMSHOUSES TRUST** ## **RECEIPTS AND PAYMENTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** |Notes
RECEIPTS
Rent from property
Contributions to property maintenance costs
Investment and Other Income
Bank Deposit Interest
992
Investment Income
-
Other Income
76
PAYMENTS
Charitable expenditure:
Costs of activities in furtherance of the charity's objects
Insurance
3,361
Water
1,625
Heat and light
9,232
Telephone
1,306
Lifeline costs
1,042
Repairs and maintenance
16,558
Subscriptions
401
Council Tax
-
Sundry
358
Governance costs
Clerk's allowance
3
1,900
Stationery, post and telephone
67
Legal Fees
44
Accountancy fees
1,860
Other income and payments:
Purchase of investments
5
TOTAL PAYMENTS
NET RECEIPTS/(PAYMENTS)
CASH FUNDS AT START OF YEAR
CASH FUNDS AT END OF YEAR||2021
£
30,292
19,800
1,068
51,160
33,883
3,871
37,754
360
360
38,114
13,046
93,982||2020
£
34,096
16,423
1,146
3,060| |---|---|---|---|---| |||||4,206| |||||54,725
3,186
3,287
9,126
447
521
15,251
762
233
979| |||||33,792
1,800
-
1,848
1,800| |||||5,448| |||||39,240| |||||23,773| |||||23,773| |||||63,013| |||||(8,288)
102,270| |||107,028||93,982| Page 4 ATEM BER TOTAL fvnds fund (rK)te 2) ASSEfs HELD FOR CHARrrrs OWN USE H￿sing properttes 27,636 27,636 Freehotd land & bjitdings (at 31 tkniber 1984 valuati1￿) 211, 211,8 27,636 211,800 239,436 1,167.355 1,167,355 107 028 1,274,383 CASH FUNDS 1,273,883 UABILrriES (450) {450) (450) (450) TOTAL NEf FUNDS I301￿9 £ 212.31K) £1513369 a￿1 Swjn￿j on its beha￿ by A.C. LUCAS ) Trl￿￿5 PJ.B. CROKER **WINWOOD ALMSHOUSES TRUST** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** __________________________________________________________________________________ ## 1 ACCOUNTING POLICIES ## Basis of Preparation The accounts have been prepared on the receipts and payments basis. ## 2 ENDOWMENT FUND The Endowment fund recognises the valuation of the properties when they were brought into the accounts in 1984. ## 3 EMOLUMENTS None of the Trustees received any emoluments. The emoluments of the Clerk to the Trustees were as follows: |4|Emoluments
FIXED ASSETS-HOUSING PROPERTIES
Cost
At 1st January 2021 and 31st December 2021
Less: SOCIAL HOUSING GRANT
At 1st January 2021 and 31st December 2021
NET BOOK VALUE
At 1st January 2021 and 31st December 2021||| |---|---|---|---| The Winwood Almshouses were constructed in the Seventeenth Century. There is no record of the original cost and no value is attributed thereto. The above details relate to improvements carried out since 1985, which were partly funded by a Housing Corporation Grant of £145,166. ## Social Housing Grant Social Housing Grant (SHG) was paid by the Housing Corporation to reduce the cost of development and is, therefore, shown as a deduction from the cost of Housing Properties on the Balance Sheet. SHG is repayable under certain circumstances, primarily following the sale of a property but will normally be restricted to net proceeds of sale. Page 6 **WINWOOD ALMSHOUSES TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** ## 5 INVESTMENTS |Base Cost:
At 1st January
Additions
Diposals
At 31st December
The Investments comprise the following:
**Charity Multi Asset Accumulation shares**
**1835.013 (2020 - 1831.477)**
**CHARIFUND Accumulation Shares**
**2589.57 (2020 - 2589.57)**
**COIF Accumulation Shares**
**925.49 (2020 - 925.49)**
M.V at 1 January 2021
Additions
Profit/(Loss) in the year
Disposals
M.V at 31 December 2021||**2021**
330,125
360
-||**2021**
**Market**
**Value**
192,132
751,094
224,129||**2020**
284,590
84,942
(39,407)
330,125

**2020**
**Cost**
42,136
257,989
30,000|**2020**
**Market**
**Value**
169,440
630,899
191,209| |---|---|---|---|---|---|---|---| ||£|330,485
|||£||| |||**2021**
**Cost**
42,496
257,989
30,000|||||| |||330,485||1,167,355||330,125|991,548| |||||991,548
360
175,447
-|||| ||||£|1,167,355|||| Page 7