Report & FAnan¢lal Statements
for the Year Ended 31 December 2024
for
The TeDby Relief In Need
d Pell&ioll6 Charlty
Charity Number: 231233
Ashmole & Co
Chart¢red Certificd Acci)untants
Willtan]ston House
7 Goat Str¢¢l
Haverfordwest

The Tenby Relief in Need and Pensions Charity
Contents of the Financial Statements
for the Year Ended 31st December 2024
Chati¢y Infonnation
Trustees Report
Statement of TnLSte¢s Responsibilities
Report of the Jndependent Exaniner
Statement of Flnanclal Activities
Balance Sheet
Notes to the Financial Statement5
8- 11

The Tenby Relief in Tr4eed and Pension$ Charity
Charity Information
for the Year ended 31st December 2024
REOISTERED CHARtTY
231233
TRUSTEES..
Mr C. Hughes
Mjs S. Willia
Mr C.R. Webb
Mr R. Grigg
Mr5 M.A. C]ay
Mrs E.M. Craig
Mrs E. Powling
Mrs S. Lane
Mr A.J. Davles
Mr P. Smith
Mr M. Ronowitz
CHIEF ADMINISTRATOK.
Mr C. Mathias
ADMtNISTRATIVE OFFICE:
Glo Lewis. Lewi5 & Co
County Chambers
Pentr¢ Road
St. Clears
SA33 4AA
BANKERS:
BaT¢lays Bank
Tenby
Pembrokeshire
sotJClTORS:
t•wis, L¢￿S & Co
County Chambers
P¢Dtr¢ Road
SL Clears
SA33 4AA
thmole & Co
William8ton House
7 Goat Street
Haverfordwest
Pembrokeshire
SA61 IPX

.The Tenby Relief ID Need and Pensions Charity
Report of the Trustees
for the year ellded 31" December 2024
The trust¢es pr¢￿￿t their repKJrt with the financial statements of the charity for the year ended
31* De¢¢mber 2024. The trustees have adopted the provisions of Accounting and Reporting
by Charities: Statement of Recommended Practice applicable to charities preparing their
a¢counts in ac¢ordan¢¢ with th¢ Finan¢ial Reporting Standard for Smaller Entities (the
FRSSE) (effective l January 2015) and Charities Act 2011.
STRUCTURE, GOVERPI.4NCE AND MANAGEMENT
This is an unincorporated association governed by a Charity Cominission Scheme made on the
8th February 1978 following the amalgamation of 21 separate ￿rtd5 based in Tenby, the oldest
of which was created in 1581.
The trustees con51St of six nominative trustees appointed by the town council of Tenby and nine
o-optative t￿Ste¢S. Nominative trustees are appointed to serve for a period of four y¢ars and
COvOPtative for a period of five years. by resolutioii of the Trustees at special meetings. Trustees
are selected based upon th¢ individuals personal or professional qualifications which are
considered io be beneficial to the future direction of the charity.
A Sub committee made up of six nominated trustees reviews each application made to the
charity. The sub ¢ommitree will then report back. and make recommendations to the full
committee of trustees.
A full list of Trustees duTin8 the year is presented on page l. Trustees responsibilities Are listed
on page 4.
OBJECTIVES AND ACTIVITIES
Its object is to r¢li¢v¢ p¢rsons resident in th¢ community of T¢nby who are in condition of n¢¢d.
hardship or distress by payment of pensions or payment for items. s¢rvices or fa¢ilities
calculated to reduce such rLttd. hardship or distr¢ss.
ACHIEVEMEfqTh AND PERFORMANCE
During the year the charity ha5 been able to continu¢ its provision of relief payments to
pensioners in the Tenby community, to achI￿e its objective to reduce hardship or distress.
FINANCIAL REVIKW AND RESERVES
The results for the year and the financial position for the chArity are presented in the financia]
statements on page six to seven.
Income for the year decreased by £1,629 to £46,289. Relief payments decreased by £520 to
£26,100.
Stock market perforniancè.'duTing the year produced an unrealised gain on investments of
£14,401.
The overall result of this activity was to incre&8e the reserves available to the charity by
£27,504.

The Tenby Rellef in Need and Pensiolls Charity
Report of the Trngtees
for the year ended 31" De¢¢mber 2024
In setting their reserves the Trustees..
(a) feel that there should be reserves to Cover one years pensions in the ev¢nt of any cal8Jnity,
and
Ib) are aware thai they have continuing responsibilities in regards to the maintenanc¢ and repair
of their properties.
The trustees need to maintsin a general reserve equivalcnt to one y¢ars p￿slo￿ paymenls. tn
addition, an Extraordinary Repair Fund is designated in order to meet the cost of unforeseen
property repairs.
The Pern)anenl Endowment represents the properties and investments from which income is
generated for charitable putposes. if the properties are sold the charity must invest the pr￿CedS
as part of the Perniancnt Endowment.
Investment Powers
The governing document provides that all cash belonging to the clwity and rÈot needed for
ijnJnediat¢ working purposes shall be invested in the name of the Official Custodian unless the
Charity Commissioners direct oiherwise.
GrAnt Makin
Pollc
' and Grant Anal
Applications for SUPPOrt are assessed on need atLd the age of th¢ applicant with a tendency to
favour older applicants. Once a ¥rant has been agreed it would nornially continue for the life
of the beneficiary. During the yearthe grdnt awards remained at £20 per month and are all made
to individuals. Individuals also receive a £20 bonus at Clwislm&8. During the year grants wwe
made to some 102 persons.
Risk Remew
The Trustees have a duty to identify the major risks to which the charity is exposed and to
ensure appropriate controls arc in plac¢ to provide reasonable assurance against fraud and error.
We have examined the major stralegic bu8ine55 and operational risks which the charity faces
and confirni that systems have been established to enablc r¢gular worts to be produced so that
the necessary steps can be taken to lessen those risks.
For and on behalf of th¢ tTUStee8,'
Date:
Mr C. Hughc5 - Chairperson

The Tenby Relief in Need and Penslons Charity
Report of the Trustees
for tbe year ended 3111 December 202A
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees are responsible for preparing the RqK)rt of the Trustees and the fnmncial
statements in accordance with applicablc law and United Kingdom Accounting Standanls
(United Kingdom Generally Accepted Accounting Pra¢li¢¢).
The law applicable to cbarities in England and Wales. the Charities Act 2011. Charity
(Accounts and Reports) Regulations 2008 and the provisions of the twsl deed requires the
trustees lo prepare financial ￿ateMentS for each financial year which give a true and fair view
of the stale of affairs of the charity and of the incoming resou￿¢$ and application of r¢source
including thc In￿Me and expendI￿re, of the Ch￿ltY for that period. sury)lus or deficit of the
charity for that period. In prepaTing those financial statements. the ttustees are required to:
(i)
selwt suitable accounting policies and apply them CODSiStently'
(ii)
make judgements and estimates that are reasonablc and pnLd¢nl'
(iii) prepatE the financial statements on the going concern basis unless it is inappropriate ¢0
presume that the charity will continue in business.
observe the methods and principles in the Charity SORP.
The tTUStees are responsible for keepin¥ proper a￿OUntIng records which disclose with
reasonable accurncy at any time th¢ financial position of th¢ charity and to enable them to
ensure that ihe finan¢ial ststemcnts comply with applicable Accounting Standards and the
regulations made underthe Charities Ath 2011, the Charity (Accounts and Reports)Regulations
2008 and the provision of ihe trust deed. They are also responsible for saf¢guarding the assets
of the charity anil hence for taking ￿aSonable steps for the prevention and dctection of fraud
and other itregulariti¢s.
On behalf of the trustees
Mr C. Hugh¢s - Chairy)erson
Date:..............,..........................

Report of the IndependeDt Examiner
to the Trustees of
The Tenby Relief Ill Need and Pensions Charity
We have examined, without carrying out an audit. the accounts for the year ended 31
Dccember 2024 set out on pages six to elevcll. These financial statements have been prepared
under th¢ historical cost convention and accounting policies set out therein
Respeetive responsibilitles of tbe charity's trustees and ex4miner
As described on page two the charity's trustees are responsible for the preparation of financial
statemenls in accordance with applicable law and United Kiogdom Accounting Standards. The
¢harity's trust¢¢s ¢onsiders that an audit is not required for this year {under Section 144(2) of
the Charities Act 2011) and that an independent examination is needed.
It is my Jrsponsibilily lo..
examine the accounts under section 145 of the Charities Act 2011.
to follow the procedures laid down in the Genernl Directions given by the Charity
Collllnissioners under seclion 145(5)(b) of the 2011 Act. and
to state wheth¢r particularmatters have come lo my attention.
B4$is of Independent examiners report
My examination was carried out in accordance with the Genernl Directions given by the Clwity
Commission. An examination includc5 a review of the accounting rec¢)rds kq)i by the charity
and a comparlson of the a¢counts presclltsj with those records. It also includes ¢onsideration
of any unusual items or disclosures in the accounls, and the seeking of explanations from you
as the committee of manag¢menl concerning such matters. The proccdures undertaken do not
provide all the evidence that would be required in an audit an4l consequentlyi we do not express
an audit opinion on the view given by the accounts.
Independent Exv4miners Statement
In the course of my examination, no ll￿tter has come to my attention.
(t)
which giv¢s me rcasonable ¢aus¢ to believe that, in any material respect. the tThstees
have not mel the requirements to ensure that:
proper aecowTrling records are kept in accordance with section 130 of the Charities Act
2011.and
accounts are PTepared which agree wilh the accounting record and lo comply with the
accountlDg requirements of thc Charities Act 2011 have not been ma" or
to which, in our opinion, attention should be th?wn in order to enable a Proper
understanding of the accounts to be reached.
(li)
Dated..............................
I.D. Badham F.C.C.A
Ashtnole & Co.
Chartered Ccrtified Accountants
Williamston House
7 Goat Sireet
Hav¢rfordwe5t
P¢mbrokesbire
SA61 IPX

THE TENBY RELIEF IN NEED AF4D PENSIONS CHARTTY
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31° Deeember 2024
Unrestrlcted
Permanent
Unrestricted Extraordinary Endowment
Gener81 Fund Repair Fund
Fund
Totxl 2024
Total 2023
Incoming Resources
Incoming resourcesfrom generaiedfyp
Inves¢meni income
Investment ￿￿orne
B8nk Interest
Building Society Inter&4t
lrtetsmlng resoureufvm ehdrlidble rtetlvlfl¢Y
Rent RKeived
23.817
139
23.817
139
22.811
178
22,333
40,289
22.333
46289
24.929
47,918
Toiol I￿¢t￿nIng resottrc
Resourtes E4bended
Chuniable Aciivities
Pensions, C&$h, Benefits
Clerks Salary
26,100
4,200
486
426
151
815
26,100
4.200
486
426
151
815
26.620
4,200
457
641
Professional Fees
Heat and Light
360
Sundry Expenses
Rent
300
300
300
32,484
32,484
32,578
Gov¢rn#n¢¢ Co$t$
Ttwtee Expenses
tndq)elldettt Extiminatio
351
351
702
702
351
351
702
702
Totol rth)uree$ apeptsltd
Net kneon)tDgl(out%okn8) resources
befDre revalu4tion$
32,835
351
33,186
33,280
(13,454)
{351)
13,103
14,638
Other Re￿g￿l￿d GaiD$ 4nd Loss¢J
Unrealised Gain on
Inveslm¢nts
3.719
10,682
14.401
33,727
Nei Movemeni ofFwids
3,719
10,682
14,401
33.727
Ntt In¢on￿ny1{0utgoIng) resour¢es
before revaluatloD5
13.454
10.331
48
27 504 ￿65
Re£on¢11174tlwi of Funds
Funds Brought Forward
77.237
74,219
787.079
938,535
890,170
Tothl Ft4nds CorriedFonvord
797 410
938
966.039 ￿35

THE TEY4BY RELIEF IN NEED AND PENSIONS CHARITY
BAIAnce Sheet
as at 31 December 2024
2024
2023
Note
FIXED ASSETS
Tangible Fix¢d Assets
Investments
200,000
681.800
881,800
200,000
667,399
867,399
CURRENT ASSETS
Accn]ed Income
Abbey National Building Society
BankI)¢posit Account
Cash at Bank. Cuttent Account
52.359
31,275
5,253
28,542
31,275
18,648
50
93,887
CURRENT LIABILITIES
Credilors and Accrnals
7,379
7.379
ET CURRELYT ASSETS
84.239
71.136
966,039
938,535
REPRESENTED BY:
Unrestricted Generdl Fund
Unrestrlced Extraordinary Repaxr Fund
Pemwient Endowment Fund
90,691
77.938
797,410
77237
74,219
787,079
966.039
938,535
The f￿ancial statemcnt5 on pages six to eleven were approved by the trustees on the .......................
and sign¢d on its behalf by..
- 2025
Mr C. Hughes- Chairpuson

The Tenby Rellef in Need and Penslons Charlty
Notes to the Financial Statements for the Year ended 31M December 2024
I. ACCOUNTING POLICIES
Basis of accounting
The financial stalem¢nts of the charity have been prepared in accordance with the Charities
SORP (FRSSE) 'Accounting and Reporting by Charities: Statement of Recommended Practice
applicable to chaTilies prqTraring their a￿Ount8 in accordance wilh the Financial Reporting
Standard for Smaller Entities (the FRSSE) (effective l January 2015)., the Financial R¢portin8
Standard for Smallerenlities (¢ffectiv¢ January 2015) and the Charities Act 2011. The financial
statements have been prepared under the historical cost convention with the exception of
investments which are included at marketvalue, asmodified by the revaluation of certain assets.
Investments
Investments are included at the market value quoted as near as possible to thc year ¢nd date, as
advised by the asset managers acting on bellalf of ihe TTUStees. The valuation adjustment
required each year is Ireated as an unrealised gaiThl(loss) in the statement of financial actifvities.
Gains or loss¢s are only treated as realised uw)n the di8posal of an investment.
Re5tri¢t¢d, unrestrirted and d￿ignated ￿ndS
The accounts distinguish bdween unrestricted reserves (The General Fund), designated fvnds
(The Extrdordinary R¢pair Fund). and pwmanent endowment funds.
Unrestricted funds are those where ih¢re ar¢ DO ¢Xt¢rnally imwsed restrictions on use,
including those available to the charity for appropriation to reserves for internally designated
pU￿oSeS (designated funds).
Th¢ pernlanent endowment rrprcsents ihc propcrtics from whÉch inc¢)ttLe is generated for
charitable purposes, if these properties are sold the charity must invest the procecds as part of
the p¢rnianent endowment.
IDcome
Income represents the amount derived from the Charity's ordinary activilies.
Income is accounted foron an a¢¢ruals basis except fordon8tions and investment incomc which
are accounted for when received. No in¢ome is stated net of any asso¢iated ¢xpenditur¢.
Recognitlon of Liabillile$ and Alloeatlon of Costs
Liabilities are recognised when thcr¢ is a legal orconstwctiv¢ obligation committing ihe¢harity
to pay out resources.
The majority of th¢ costs are directly attributable to the objectives of the charity and are
allocated accordingly.
overnanee costs include eosls of the preparalion and examination of sthtutory accounts and
the cost of any legal advice to trustees on governanc¢ OT consti￿tional matters.

The Tenby Relief ID Need and Pensions Charlty
Notes to the Financlal Statements for the Year ended 31st December 2024
2. NET RESOURCES AIUSING
Net in¢oming resources are ststcd after charging .
21)24
2023
Accountancy
Independent Examiner's fee
402
702
402
702
1.104
3. TRUSTEES REMUNERATION
None of the trustees r¢ceived rcmunerdtion or CXp￿SeS from the ¢haTity during the year (2023
nil).
There has been no expendiMre on trnstee indemjjity insurance.
4. SUPPORT COSTS
Support costs comprise of the following..
2024
2023
Clerks Salary
4200
4.200
S. TAXATION
The Tenby Relief in Need and PeJ)sions Ch￿lty is a register¢d Charity and accordingly is
exempt from laxatioll on its in¢om¢ and gains where they are applied for charitable pu￿oSes.
6. TAIYGIBLE FIXED ASSETS
The following land and buildings a￿ held in the name of the OLTicial Custodtan for Charities
in trust to be used in the pursuance of the ¢haritsble aclivitics of the I￿￿t,.
Land and dwelling at 12 Deer Park, T¢llby
IAnd and dwelling al 14 Deer Pa￿, Tenby
Land and dwelling ai 5 South Parade, Tenby
Land al Lower Cwm Park and Chapel Hill. Tenby
2024
2023
Freehold Property
200,000
200,(KM)
The Freehold Properties have been valued at open market value by the tTUSt¢es. after taking
account of the tenanted nature of the properties.

The Tenby Relief in Need and Pen$lon$ Charity
Notes to the Finan¢ial Statements for the Year ended 31" December 2024
7. INVESTMENTS
M74rket
Value
Market
Value
NoMfin￿ Valu¢
CAPITAL
ACCOUNT
1.1.24
31.12.24
31.12.24
31.12.23
46,953.51X) 46.953.500
65,035.84￿ 65.035.8490
BLK UK Bond Fund
BLK UK Equity Fund
66,570
486,992
69.652
473.765
JNCOME ACCOUNT
10,146.3310 10.146.3310
5,915.3130 5.915.3130
BLK UK Bond Fund
BLK UK Equity Fund
14.385
15.051
43.091
601.559
612.241
EXTRAORDINARY REPAIR FUND
152.8240
152.8240
2,299.4640 2.299.4640
BLK UK Bond Fund
BLK UK Equity Fund
7,045
7.072
58,768
65,840
69,559
681800
8. CREDrroRS
2024
2023
Pensions held OD account
C1￿k'S salary
Accountancy & Indq)endent ExamiThcTS fee
120
8,4(X)
1,128
4,2(KJ
3,179
io

The Tenby Rellef in Need and Pensions Charlty
Notes to the Finanelal Staten)ents for the Yeydr ended 31*1 Deeember 2024
9. NET MOVEMENT IN FUNDS
Unrestricted Unrestricted
Pertn4nent
General
Extraordinary EndowTrent
Fund
Repair Fund
F￿nd
Tolal
At 1st January 2024
77237
74,219
787.079
938,535
Net movement of re50uw¢s in year
13.454
3,719
10,331
27JIM
At 31st D¢c¢mber 2024
77,938
797,410
966,039
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unre5tritted Unrestricted
Permanent
General
Extraordinary Elldowment
Fund
Repair Fund
Fund
Totsl
Fixed Assets
Cash al Bank & other income
CredI￿r8
6.101
93.887
97
90,691
77,938
797,761
881.8(M)
93,887
9.648
966 039
351
77938
797.410
Pemanent Endowment Fund
The fvnd rcpresents the original capital of the charity at net book value. All incom¢ generated
from the endowment is ¢￿d]led to the General Fund which must be ulilised in accordance with
the Charitable objective.