Report & Finon¢ial Stst¢mdhts
for the Yeor Ended 31 December 21123
for
Th¢ T¢nby Remef ID Need
and Penslons Charlty
ChArity f4umber: 231233
Ashmole & Co
Chart¢red Certified kn¢oulltaDts
Will1￿￿n House
7 Goat Strvl
Haverfordwest

The Tenby Relfief in Need and Pensions Charity
Contents of the FinanciaI Statements
for the Year Ended 31st December 2023
Charity knforniation
Trust¢¢s Report
Stat¢m¢nt of Trustees Responsibilities
Report of thc Jndq)endent Examiner
Statement of Financial Activities
Balance Sheet
Notes to the Financial Ststcmcllts
8- 11

The Tenby Relief in Need #Dd P¢mslons Charity
Charity Informatlon
for the ye￿ ended 3Jst Deeember 2023
REGISTEFED CHARITY
NUMBER:
231233
TRUSTEES:
MrC.Hu
Mrs S. Willi8n]s
Mr C.R. Webb
Mrll Grigg
Mrs M.A. Crny
Mrs E.M. Craig
Mrs E. PowlinB
Mrs S. Lane
Mr A.J. Davies
Mr P. Smith
Mr M. Rot)owilz
CHIEF ADMINISTRATOR:
Mr C. Mathi88
ADMNJSTRATIVE OFFICE:
clo Lewis, Lewis & Co
Couttty Cha
Pentre Road
SL Clears
SA33 4L4
BANKERS.,
Barclays Bank
Tenby
P¢mbmk¢shire
SOIJCITORS:
L¢￿ll￿, L￿ry$ & Co
County Chambers
Pentr¢ Ro*J
St. Clear8
SA33 4AA
Asbmole & Co
Williatnston House
7 Goat Strcet
Haverfordwest
Pembrokesl)ire
SA61 IPX

The Tenby Relief in N¢ed and Pensions Charity
Report of the Trustees
for the year ended 31" December 2023
The trustees Present theirTepDrt with the fu￿nCIal statements of the charity for the year ended
31" December 2023. The trustees have adopted the provisions of Accounting and Reporting
by Charities: Statement of Recommended Practice applicable to charities preparing their
accounts in a￿ordance with the Fina￿la1 Rq)orting Standard for Smaller Entities (th¢
FRSSE) (¢ffe¢tive l January 2015) and chariti￿ Act 2011.
STRUCTURL GOVERNANCE AND MANAGEMENT
This is an un1nco￿￿)rated association governed by a Charity Commission Scherne made on the
8 February 1978 following the amalgamation of 21 separate funds based in Tenby, the oldest
of which was created in 1581.
The trustees consist of six nominative trustees apW)1nt￿ by thetown council of Tenby and nine
co-optative trustees. Nominative trustees are appointed to serve for a period of four years and
co-optative for a period of five years. by resolution ofthe Trustees at special meetings. Trustees
are selected based upoll the individuals personal or professional qualifications which arc
considered to be beneficial to the future direction of the charity.
A sub committee made up of six nominated trnstees reviews each application made to the
chariiy. The sub committee will then rep<)rt back, and make I￿0MMendationS to ihe full
Commiltee of trnstees.
A full list of Trustees during the year is presenled on page l. Trnslees ￿SponsIbl11ties atr listed
onpage 4.
ORJECTIVES AND ACTIVITIES
Its object is to r¢li¢v¢ persons resident in the community of Tenby who in condition ofnee(L
hardship or distr¢ss by payment of pensions or payment for item4 services or facilities
calculated to rcducc such need, hardship or distrcss.
ACHIEVEMENTS AND PERFORMANCE
During the year the charity has been able to continue its provision of relief payments to
pensioners in the Tenby commuDity> to achieve ils objective to reduce hardship or dtstress.
Fll¥ANCIAL REVIEW AND RESERVES
The results for Ihe y￿r and the financial position for the charity are p￿sented in ihe financial
statements on page six to sevej).
Income for the year increased by £7,026 to £47.918. Relief pajinents increased by £3,048 to
£26,620.
Stock market perforniance during th¢ year prothiced an unrealised gain on investments of
£33,727.
The overall result of this activity was to increase the reserves available to the charity by
£48,365.

The Tenby Relief in Need and Pensions Ch*rity
Report of tbe Trustees
for the year ended 31¥t December 2023
In setting their reserves the Tn￿tee8.
(a) feel that there should be ￿ServeS to cover one years pensions in the event of any calamity.
(b) are aware that they have continuing responsibilities in regards to the maintenanc¢ and ￿pair
of their properties.
The trnstees need to maintsin a general reserve equivalent to one years pension payments. Jn
addition, an Extraordinary Repair Fund is designated in order to meet the cost of unfO￿$¢¢n
property repairs.
The Pernianent Endowment represents the properties and investments from which income is
generdta for ¢haritabl¢ pU￿oSeS,. if the pr(werties ar¢ sold the charity must invest the prw¢eds
as part of th¢ Pernianent Endowment.
Investment Powers
The governing d￿UMent provides that all cash belonging to the charity and not needed for
immediate working PUTtrf)ses shall be invested in the name of the Official Custimjian unless the
Charity Commission¢TS dir¢ct othenvisc.
Grant Makin
Polic
and Grant Anal sil
Applications for support are assessed Oll need and the age of the applicattt with a tendellcy to
favouT older applicants. Once a grant has been it would llonnally continue foT the Iife
of the beneficiary. During the ycar the grant awards remained at £20 per month and are all made
to individuals. llldividuals also T￿e1ve a £20 bonus at Christnlas. Durlng the year grnnts were
made to some 102 persons.
Risk Reiiew
The Trustees have a duty to identify the major risks to v/hich the charity is exposed and to
ensure appropriate controls are in place to provide ￿asonable assurance against fraud and error.
We have examined the major stt7tegic business and operational risks which the charity faces
and ¢onfinn that systems have been established to enable regular reports to be produced so that
the necessary steps ¢an b¢ taken to lessen those risks.
For and on behalf of the truste¢s'
Date..
Mr C. Hughes - Chairperson

The Tenby Relief in Need and Pensions Charity
Report of the Trustees
for the year ended 31￿ December 2023
STATEMENf OF TRUSTEES RESPONSiBILrriES
The trustees are responsible for prcparing thc Report of the Trustets and the financial
statements in accordance with applicable law and United King(bm Accounting Standards
(United Kingdom Generally Accepted Accounting Practice).
The law applTrcable to charities in En￿and and Wales, the Charities Act 2011, Charity
(Accounts and Reports) Regulations 2￿8 and the provisions of the trust deed requires the
trustecs lo prepare f]nancial statements for each fllwicial year which give a truc alld fair view
of the state of affairs of the charity and of the incoming resources and application of resouwe
including the income and expenditurc, of the charity for that pcriod. surplus or deficit of thc
charity for that p¢rioLi In preparing those fllLancial statements, the t￿￿te¢S are required to:
(i)
select suitable accounting policies and apply them consistently,.
(li)
make judgements and estimates that are reasonable and prndent.
(iii) prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charity will continue in business.
(iv)
obsetve the methods and Principles in the Charily SORP;
The trusl¢¢s are r¢sponsible for ke¢ping proper a¢¢ountin8 records which disclo￿ with
reasonable accuracy at any time the fu￿nCIal position of the charity and lo enable them to
ensure that the financial statements comply with applicable Accounting Standards and the
regulations made under the Charities A￿ 2011, the Charity (Accounts and Reports) Regulations
2008 and the provision of the trnst dced. Thcy are also responsible for safegLTarding the assets
of thc charity and hence for taking reasonable steps for the preventioll aud dctectioD of fraud
and other irregularities.
On behalf of the trustees
Mr C. Hughes- Chairperson
Date: .

Report of the IndepeDdent Examiner
to the Trustees of
The Tenby Rellef in Need and Pen$lons ChArity
We have examine4 without carrying out an audit, the accounts for the year ended 3141
December 2023 set out on pages 51X to eleven. These financial statements have kell prepared
under the historical cost convention and accounting policies set therein
Respective responsibllltles of the charlty's trustees and examiner
As described on page two the charity's trustees are responsible for the preparation of fllwicial
statements in acconlance with applicable law and United Kingdom Accounting Standar(ts. The
charity's trustees considers that an audit is not required for this year (und¢T section 144(2) of
the Charilics Act 2011) and that an indepelldenl examination is needed.
It is my responsibility to=
examin¢ the a¢￿untS under section 145 of the Charities Aet 2011,
to follow th¢ procedures laid down in the General Directions givcn by thc Chwity
Commissioners under seclioD 145(5)(b} of the 2011 Act.. and
to state whether particular matters have come to my attention.
Basis of independent ex8miner5 report
My cxamination was carried out in accordance with the General Directions given by the Chartty
Commigsion. An examiDation includes a fttview of the accowiting records kept by the charity
and a compaTison of the accounts presenttyj with those records. It also include8 consideration
of any unusual items or disclosures in the accounts, and the seeking of explanations from you
as the con)mittee of management concerning such matter6. Th¢ pTh)cedures undertaken do not
provide all the evidence that would be required in an audit and, conseqll¢ntly. we do not express
an audit opinion on the VI￿ given by thc accounts.
Independent Examiners Stgtement
In the course of my examination. no matter has ¢(mie to my attention"
(i)
which gives me reasonable cause to believe that, in any material re4)ect, the tTUStees
have no¢ md th¢ requIrem￿ts to ensure that".
proper acwunting records ar¢ kept in accordance with section 130 of the Ch￿IlLeS Act
2011. and
accounts are prepared which agree with the accounting record and to comply with the
accounting requirements of the CIMrities Ad 2011 have not been mel. or
to which, in o)Jr opinion, attentlon should be drawn in order to enabl¢ a proper
understanding of the accounts to be reached.
(li)
Dated:...............................
I.D. Badham F.C.C.A
Ashmole & Co.
Chartered C¢rtifi¢d Ae¢ountants
Williamston House
7 Goat Street
Haverfordwest
Pembrokcshire
SA61 IPX

THE TENBY RELIEF IN NEED AND PENSIOIYS CHARITY
STATEMEf4T OF FINAI¥CIAL ACTIVITIES
for the ye8r ellded 31 Detember 2023
UDrestricted
Vermanent
Unre8trlcted Extraordln4ry Endowjllent
General Fmnd Rep*ir Fund
Fund
Totsl 2023
Totll 2022
Incoming Rewurces
Incoming r¢50urcesfrom gener¢Ued]unds
Jnvulmenl income
Investment Income
Bank Interest
Building Society Interest
Incoming resourcesfvm chariiable aaiviti
Rent Rtteived
22,811
178
22,811
178
20,459
24,929
47,918
24,929
47,918
20,408
40.892
Tolal incoming resourcaf
Resour¢es ExpeDded
CharitahleActivilie.f
PensioJk8. Cash, Benefrts
Cl¢rks Salary
IJLsufdnces
Professional Fttg
Repairs & Renewalq
Sundry Expenses
Rent
26,620
4,200
457
641
360
26,620
4.200
457
641
360
23,572
6,300
800
594
420
300
300
3(x)
32,578
32,578
31,986
GovernaDee Costs
Trustee Expenses
Independent Examinati¢)n
351
351
702
702
351
351
702
702
Toldl resources e¥peKded
32,929
351
33,280
Net IDcoJningl{outgoing) res0￿re¢S
before revaluatlfrns
(14,989)
(351)
14,638
8204
Other ReeDgnlsed GalDS Lomes
Unrealised ILo85esYGain o
Investments
5,355
28,372
33,727
(40.775)
{40.775)
Net Movement ofFunds
5,355
28,372
33,727
Net incothgl(outgoillg) resource8
before rev8lu*tion$
14,989
5J55
48J65
3257]
R¢¢ontlll4tlon of Fwid$
Fujmls Brought Forward
62248
68,864
759,058
890.170
922,741
TothlFun¢ts CarriedForwttrd
77
787,079
890,170

THE TENBY RELIEF IN NEED AND PENSIONS CIIARITY
B￿anCe Sbeet
as at 31. December 2023
2023
2022
Note
FIXED ASSETS
Tangible Fixed AsBets
1Dve8th￿ts
200.000
667 399
867,399
200,0
633 672
833,672
CURRENT ASSETS
Accrued ID¢ome
Ably¢y Nalional Buildin8 Society
Bank Deposit Account
Cash at Ba￿k. Current Ac¢outtt
28.542
31275
18.648
50
5,731
31275
28,058
50
65,114
CiJRRENT LIABILITIES
NET CURRENT ASSETS
71.136
56,498
938,535
890 170
REPRFSENTED BY:
Unrestricted GeneTrl Fund
77.237
74,219
787,079
62.248
68,864
759.058
P¢nnanent Endowmcnt Fund
938 535
890 170
The financial Sth¢¢ments ¢)n page5 Six to eleven were approved by the tntstees on the ........................
and stgned on its behalf by.
. 2024
Mr C. Hughes. Chairy)er8on

The Tenby Rellef An Need and Penslons Charlty
Notss to the Financial Ststements for the Year ended 31$t De¢emb¢r 2023
J. ACCOUNTING POLICIES
Basis of accounting
The financial statements of the charity have been prepared in accordance with the Charities
SORP (FRSSE) 'A¢¢ounting and Reporting by Chariti¢s.' Stat¢m¢nl of R¢¢ommend¢d PTacti¢e
appli¢able to charities prq)aring their accounts in accordan¢¢ with the Financial Reporting
Stsndard for Smaller Entities (Ihe FRSSE) (effective l January 2015),, the Finimcial Reporting
Standard for Smaller entili¢s (effective January 2015) and th¢ Charities Act 2011. The financial
statements have been prepared under the historical cost convention with the exception of
investments which are included at market value, al modified by the revaluation of certaln assets.
Investments
Investments are included at the market value quoted as near as possible to the year cnd datc, as
advised by the asset managers acting on bellalf of the Trnstees. The valuation adjustment
requir&1 each year is treated as an unrealised gain/(loss) in the statement of financial aclivities.
Gains or losses are only tjpated as rea]ised uwjn the disposal of an investment.
Restri¢ted, unrestricted and deslgnated funds
The accounts distinguish between Un￿striCted rest￿eS (The Genernl Fund), deslgnated funds
{The Extraordinary Rq)air Fwid), ond pcrnianent endowment fvnds.
Unrestricted funds ar¢ those where there are no exten￿]lY imposed restrictions on use,
including those available to the charity for appropriation to reserves for internally designated
purposes {designated funds).
The perniallent endowment represents the properties from which income is generated for
charitable pu￿OseS, if these properties are sold the charity must invest the proceeds as part of
the pernjanenl endowment.
Income
Income represents the amount deriv&l from the charity's ordinary activities.
Income is accounted for on an aun￿1$ basis except for donations and investment income which
are accounted for when re￿Ived. No income is staled net of any ass￿lated exp¢nditur¢.
Reeognition of Lithbilities and Allotation of Costs
Liabilities are re¢ognised when there is a legal orconstru¢tiv¢ obligation committing thecharity
to pay out re50urce5.
The majority of the costs are directly attributable to the objectives of the charity and are
allocated accordingly.
Governance costs include costs of the preparation and examination of ststutory a¢wunts and
the cost of any legal advice to thlstees on governance or constitutional matters.

The Tenby Relief in Need and Pen$lon$ Charlty
Notes to the Financial Statements for the Yevdr ended 311t December 2023
2. NET RESOURCES ARISING
N¢t in¢oming r¢60ur¢¢s ar¢ $tst¢d 8ft¢r ¢harging .
2023
2022
Accountancy
Independent Examinevs fee
402
702
354
702
3. TRUSTEES REMUNERATION
None of the trustees rcceived rnuneration or expenses from the charity during the year (2022
nil).
There has ken no expenditure on trusttt indemnity insurance.
4. SUPPORT COSTS
Support costs comprise of the following:
21123
21122
Clerks Salary
Professional fees
4,200
6300
240
4,200
6,540
5. TAXATION
The Tenby Relief in Need and Pension8 ChaTity is a registered chartty and accordingly is
exempt from taxatii)Th on its income and gains where thcy are applied for ch￿ilable purposes.
TANGIBLE FIXED ASSETS
The following land and buildings are held in the name of the Official Custodian for Charities
in trust to be used in the pursuance of the charitable activilies of the Irust.
Land and dwelling at 12 Deer Park, Tenby
Land and dwelling at 14 Deer Park. Tenby
Land and dwelling at 5 South P￿ade. Tenby
Land al Lower Cwm Park and Chapel Hill. Tenby
2023
2022
Freehold Propety
200.000
200.000
The Freehold Properties have been valued at open market value by the twstees. aft¢r taking
account of the tenanted lla￿re of thc properties.

The Tenby Relief in Need and Pensions Charity
Notes to the Financi81 Statements for the YeAr ended 31￿ Deeember 2023
7. INVESTMENTS
Market
Vilu¢
Market
Value
Nominal Value
CAPITAL
ACCOUNT
1.1.23
31.12a3
46,953.500 46.953.5(K)
65.035.8490 65,035.8490
BLK UK Bond Fund
BLK UK Equity Fund
69.652
473.765
68,520
449,020
INCOME ACCOUNT
10,146.3310 10,146.3310
5,915.3130 5,915.3130
BLK UK Bond Fund
BLK UK Equity Fund
15,051
43,091
601,559
14,807
40,840
573,187
EXTRAORDINARY REPAIR FUND
152.8240
152.8240
2,299.4640 2,299.4640
BLK UK Bond Fund
BLK UK Equity Fund
7,072
58,768
65.840
6,671
53.814
60,485
667,399
633,672
8. CRLDITORS
2023
2022
Clerk's salary
Accountancy & Independent Exarniners fee
Professional Fees
4,200
3.179
6.300
2,076
240
io