**REGISTERED CHARITY NUMBER: 229682** ## **WINWOOD ALMSHOUSES TRUST** ## **RECEIPTS AND PAYMENTS ACCOUNTS** **FOR THE YEAR ENDED 31 DECEMBER 2022** **WINWOOD ALMSHOUSES TRUST** ## **FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2022** ## 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 2022** __________________________________________________________________________________ ## 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, 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 assumed 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 2022, the following Trustees have held office: Appointees of B.C.C.: Mr N. Buck, Sir B.D. Stanier Bt Appointees of Q.P.C.: Mrs A.C. Lucas, Mrs J. Saunders, Mr J. Fenemore and Mr N. Butler Ex-officio: Reverend S. Flashman Co-opted: Mr P.J.B. Croker, Mrs C.L. Serjeant Mrs E Toth is the Clerk to the Trustees and the administration of the Trust is undertaken from her home in Westfield Barn, Klee Close, Quainton, Aylesbury, Buckinghamshire HP22 4AF, 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 WINWOOD A SHO EST HARITY NU ER22 TR TEES RE RTF R THE YEAR ENDED 31sr DE 202 RE￿E￿ OF ThE YEAR The Trustees met three times during the year for ￿rMal business. The Trust continued to provide almshouse accomrrKMJation and suptKJrt throughout the year. On 17th July 2019 the Secretary of State for Transport tOL)k posse55ion of Trust lands pemianently uired for HS2. (Title BM 309222 dated February 3rd 2020). No monies hève r￿1Ved yet. During the year there was rx) other significant ath.vity relating to the Trust's properties. All exper*diture was authorised by IM Trustees. The Trustees, review and appro￿1 of the Trustrs risk policy was unc*anged from last year. ON RESERVES The rese￿eS are being held to meet fijture e%penditure expected to be made on irrsprovements to the almshouses ar￿ other Twst prowli￿. Unrestrirted re￿e5 include those designated for the specific purp(>se of EKtraordinary Repairs. These comprise an ep,dowment holding of 1,622 shares in M&G's Charity Multl Asset Accumulation Fund (cost £22,944) ar￿ general resérves ir*vested in the same Fund {c05t £it. 552) and held Fn cash {£360)- The Extraordinary Repairs reseroes are reviewed annually ai¥J in[rea￿d as required but by an amcHJnt not less than £360. On behalf of the Trustees: A.C. LUCAS Trustee P.J.B. CROKER Trustee Date: Page 2 **WINWOOD ALMSHOUSES TRUST** ## **REGISTERED CHARITY NUMBER 229682** ## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022** __________________________________________________________________________________ I report on the accounts of the charity for the year ended 31 December 2022 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: **5 September 2023** Page 3 ## **WINWOOD ALMSHOUSES TRUST** ## **RECEIPTS AND PAYMENTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2022** |Notes
RECEIPTS
Rent from property
Contributions to property maintenance costs
Investment and Other Income
Bank Deposit Interest
1,208
Investment Income
-
Other Income
175
PAYMENTS
Charitable expenditure:
Costs of activities in furtherance of the charity's objects
Insurance
3,713
Water
1,890
Heat and light
13,054
Telephone
1,170
Lifeline costs
521
Repairs and maintenance
26,205
Subscriptions
383
Sundry
786
Governance costs
Clerk's allowance
3
1,950
Stationery, post and telephone
55
Legal Fees
292
Accountancy fees
1,320
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||2022
£
38,790
21,811
1,383
61,984
47,722
3,617
51,339
-
-
51,339
10,645
107,028||2021
£
30,292
19,800
992
-
76| |---|---|---|---|---| |||||1,068| |||||51,160
3,361
1,625
9,232
1,306
1,042
16,558
401
358| |||||33,883
1,900
67
44
1,860| |||||3,871| |||||37,754| |||||360| |||||360| |||||38,114| |||||13,046
93,982| |||117,673||107,028| Page 4 XN D ALMS USE TRUS[ ATEMENT OF ASS ASAT3X ECE ER 02 Notes Unrestricted funds Endovment flind (note 2) TOTAL ASSETS HELD FOR CHAR￿,$ OWN USE Housing properties 27,636 27,636 Freek￿ld land & buildings {at 31 DeCemtr￿r 1984 val￿tiOn) 211,800 211,800 27,636 211,800 239,436 INVESTMENT ASSETS CASH FIINDS 1,147,198 117,173 1,264,371 1,147,198 117 673 1,264,871 500 500 LIABIUTIES Deposits (450) (450) (450) (450) TOTAL NET FUNDS 1,291,557 £ 212,300 £ 1503857 The accounts were approved by the Trustees on". Z6 zo Z) and signe{1 on its behalf by A.C. LUCAS ) Trustees P.J.B. CROKER Page 5 **WINWOOD ALMSHOUSES TRUST** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2022** __________________________________________________________________________________ ## 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 2022 and 31st December 2022
Less: SOCIAL HOUSING GRANT
At 1st January 2022 and 31st December 2022
NET BOOK VALUE
At 1st January 2022 and 31st December 2022||| |---|---|---|---| 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 2022** ## 5 INVESTMENTS |Base Cost:
At 1st January
Additions
Disposals
At 31st December
The Investments comprise the following:
**Charity Multi Asset Accumulation shares**
**1835.013 (2021 - 1835.013)**
**CHARIFUND Accumulation Shares**
**2589.57 (2021 - 2589.57)**
**COIF Accumulation Shares**
**925.49 (2021 - 925.49)**
M.V at 1 January 2022
Additions
Profit/(Loss) in the year
Disposals
M.V at 31 December 2022||**2022**
330,485
-
-|

|**2022**
**Market**
**Value**
193,651

749,581

203,966
||**2021**
330,125
360
-
330,485

**2021**
**Cost**
42,496


257,989
30,000|**2021**
**Market**
**Value**
192,132

751,094
224,129| |---|---|---|---|---|---|---|---| ||£|330,485
|||£||| |||**2022**
**Cost**
42,496
257,989
30,000|||||| |||330,485||1,147,198||330,485
1,167,355|| |||||1,167,355
-
(20,157)
-
1,147,198|||| ||||£||||| Page 7