Charity No: 235577 ## SLANEYS ALMSHOUSE CHARITY RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2023 ## SLANEYS ALMSHOUSE CHARITY ## CONTENTS ||Page| |---|---| |Reference and administrative details of the charity|1| |Trustees' annual report|2-3| |Independent Examiners' report|4| |Receipts and payments account|5| |Statement of assets and liabilities|6| ## SLANEYS ALMSHOUSE CHARITY REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, IT'S TRUSTEES AND ADVISORS FOR THE YEAR ENDED 31ST MARCH 2023 **----- Start of picture text -----**
Trustees The Rt. Hon. Catherine Lady Forester DL
Mrs J McGorman
The Hon. Mrs S L Graham
Mr N D Downes
Charity registered number 235577
Principal office The Estate Office
Willey
Broseley
Shropshire
TF12 5JN
Accountants WR Partners
Belmont House
Shrewsbury Business Park
Shropshire
SY2 6LG
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Page 1 FOR THE YEAR ENDED 31ST MARCH 2023 ## SLANEYS ALMSHOUSE CHARITY ## TRUSTEES' REPORT ## a) Constitution The charity is governed by a scheme which was adopted on 28th January 1921, as varied by schemes of 3rd February 1950, 12th March 1969 and 23rd November 2011. ## b) Method of appointment of Trustees - 1) - There should be four nominated trustees appointed in accordance with Clause 7. - 2) - The first nominated trustees are the persons listed in part 2 of the schedule to the scheme. Subject to clause 11 (termination of trusteeship) they will hold office for the periods shown in the schedule. ## Nominated Trustees The nominated trustees must be appointed as follows: Two by the owner for the time being (if of full age), of the Willey Estate, or if it is owned in Trust, the Chief Executive appointed by those trustees; and Two by the Councillors for the time being, representing the Barrow Ward on the Council of the Borough of Much Wenlock. Each appointment must be made for: ## a) - Four years; or - b) - if the appointment is being made to fill a casual vacancy, the unexpired term of the appointee's predecessor. The appointment will be effective from the later of: ## a) - the date of the vacancy; and b) - the date on which the trustees or their secretary or clerk are informed of the appointment. ## OBJECTIVES AND ACTIVITIES ## a) Policies and objectives The objectives of the charity is the provision of almshouses and for the benefit of the almspeople of the charity. Page 2 ## SLANEYS ALMSHOUSE CHARITY TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31ST MARCH 2023 ## ACHIEVEMENTS AND PERFORMANCE ## a) Review of activities Throughout the last financial year the Trustees ensured that routine maintenance work was undertaken on the almshouses as and when required. Further consideration and preliminary work had continued to be carried out with regard to the possibility of building a further three almshouses. The Health & Safety Officer had advised on fire regulations and general health & safety requirements. Residents are normally visited twice-yearly by the Charity’s Liaison Officer to check on their wellbeing and any issues they may have with the property. Since the onset of Covid restrictions the residents had been contacted regularly by telephone by the Charity’s Liaison Officer and Clerk. The Trustees are mindful of their responsibilities and liabilities. The Trustees have been mindful of the Charity Commission revised guidance re Public Benefit. ## b) Achievements The charity has successfully housed three pensioners who are content in their homes, warm and comfortable and in addition it has funded maintenance and repairs of £832. ## FUTURE PLANS The Trustees plan to continue to house the elderly residents in the almshouses and will ensure that the houses are maintained and fit for purpose. ## FINANCIAL REVIEW The free reserves of the Charity are £94,127 (2022: £95,610). All of the funds held by the charity are unrestricted in nature. ## TRUSTEES' RESPONSIBILITIES Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the Charity and of its financial activities for that period. In preparing those financial statements the Trustees select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent; adopt policies in accordance with the Statement of Recommended Practice and with the applicable accounting standards; prepare the financial statements on the going concern basis unless it is inappropriate to assume that the Charity will continue its charitable activities. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence for taking responsible steps for the prevention and detection of fraud and other irregularities. Signed and approved on behalf of the trustees Full name : The Rt. Hon. Catherine Lady Forester D.L. (Chairman) Date : Page 3 INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE SLANEY'S ALMSHOUSE CHARITY FOR THE YEAR ENDED 31ST MARCH 2023 I report on the accounts of the Trust for the year ended 31st March 2023 which are set out on pages 5 to 6. This report is made solely to the charity’s Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the charity’s Trustees those matters I am required to state to them in an Independent Examiner’s Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s Trustees as a body, for my work in this report. ## Responsibilities and basis of report As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - 1 accounting records were not kept in respect of the charity as required by section 130 of the Act; - 2 the accounts do not accord with those records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Tim Lunt BA FCCA MIRPM WR Partners Chartered Accountants Shrewsbury Business Park SY2 6LG > Date: 23/01/2024 Page 4 ## SLANEYS ALMSHOUSE CHARITY ## RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2023 **----- Start of picture text -----**
2023 2022
£ £ £ £
Receipts
Maintenance contribution 7,128 7,128
Other Income
Investment interest 2,711 2,550
Investment sales 30,556 3,021
Other similar income - 800
33,267 6,371
Total receipts 40,395 13,499
Less: Payments
General expenses
Subscriptions 153 146
Insurance 818 741
Maintenance 832 3,594
Accounts 558 510
Investment purchases 33,251 6,153
Investment fees 519 467
(36,131) (11,611)
(Deficit)/Surplus for the year 4,264 1,888
Surplus brought forward 19,417 16,847
Correction of historical difference - 682
Surplus carried forward 23,681 19,417
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Page 5 STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 31ST MARCH 2023 ## SLANEYS ALMSHOUSE CHARITY |CASH FUNDS
Bank and cash balances
Deposit account
Earnings account
INVESTMENTS
FOR THE YEAR ENDED 31ST MARCH
AVI Global Trust(5,650 units at market value)
Charishare Common Investment Fund Income (1,580.984 shares at market value)
M & G Securities Growth Account (11,976.834 units at market value)
Dunedin Inc Growth Investment (2,110.00 units at market value)
City of London Investment (2,220 units at market value)
JP Morgan (2,270 units at market value, prior year 2,930 units)
Scottish Mortgage Investment Trust (500 units at market value)
Scottish Investments (1,210 units at market value)
Ishares Core GBP Corp (40 shares at market value)
JP Morgan Asia Growth & Income
JP Morgan Global Core Assets(9,325 units at market value)
North American Income Trust (3,370 units at market value)||2023
£
23,755
-
(74)
23,681
10,554
-
-
6,066
9,191
10,924
4,818
-
4,855
6,548
8,020
9,470
70,446
94,127|2022
£
18,988
-
429
19,417
11,340
11,004
6,372
9,235
10,737
5,130
11,193
5,619
5,563
-
-
76,193
95,610| |---|---|---|---| - Page 6