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Independent Examiner'5 Report to the Truslees of THE RICHARD FOSTER BOLITHO ALMSHOUSE TRUST We report on the accounts of the Trust for the year ended 31" December 2022, which are set out on the attached pages. Respective Responyibilities of Trustees and ExniDer The charity's tru8tees are responsible for the preparation of the accounts. Charity's Trustees consider that an audit is not required for this period (under section 144 of The Charities Act 2011 ("fhe Charities Act), and that an indcpcndent exan]ination is needed. It is OUT responsibility to: Examin¢ the acwunls (under s¢¢tion 145 of Th¢ Chariti¢s Act), To follow the procedures laid down in the General Directions given by the Charity commission (under section 145(5MB) of The chitIeS Act, Lmd To State whether particular matters have come to our attcntion. Basls of Independent Ex*mlner'$ Report Our examination was carripAI out in accordance with the General Directions giv¢n by the Charity commission$. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts pres¢nt¢d with thos¢ rL'cord8. 11 also includes consideration of any unusual ilLYns or disclosures in th¢ accounts, and seeking explanalions from the ttustees concerning any such matters. The procedures und¢rtak¢n do not provide all the evidence that would b¢ required in an audit. and consequently no optnion is given &8 to wh¢ther the accounts prcsLnt tru¢ and tair vicw and thc rcport is limited to thosc tterS sct out in the .statement below. Indep¢ndent Ex2mlner'g Statement In connection with our exarninatio no matter has come to our attention: (i) which gives us re&8onable cause lo believe that in any mateTi&I respect the rquirern¢nts: To keep accounting records in accAyrdance with section 130 of The Charities A¢t To prepar¢ accounts which a¢cord with the a¢wunting record5 and comply with the account requirements of The chari11 Act have not been met (2) to which, in our opinion, attenlion should be drawn in order to enable a proper understanding of the #CUnts to b¢ reaLh¢xl. E.T. Pascoe B.A. (Econ), FCA Pr>or. Begent, Fry & Co CHARTERED ACCOUNTAiYr 97 Mene&ge Stree( Hel8to Cornwall. TR13 8RE Datsd...,..
RICHARD FOSTER BOLITHO ALMS HOUSE TRUST REPORT FOR THE YEAR EJDED 31 DECF.MBF.R 2022 The Trust's annual maintenance income margiiially higher due to a small increase in cliarges. Inve%irnent income had also incre&sed, reflecling higher interest rates. Tliere was a onsideTable reduction in TepaiTS expenditure, as the previous y¢ar did in¢lud¢ a major cost to the buildings drainage system. This w&s however largely offsei by a considerable increase iii oil costs i'cflccting the continuation of World events. Overall, Ilie surplus wa5 highcr thar) tlie year betore. despite the higher costs and reflecting the reduction in repairs expeiiditure. The Triistees continiie to examiiie impn)vcmenis ihal can be made to the fabric of the building to improvc the overall efficiency alld comtort of the rcsidcnts. AJFry Chairnw)