REGISTERED CHARITY NUMBER: 235904
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2023
for
The Almshouse Charity Birlingham
Attwoods Perrott House 17 Bridge Street Pershore Worcestershire WR10 1AJ
The Almshouse Charity Birlingham
Contents of the Financial Statements for the Year Ended 31 March 2023
| Page | |||
|---|---|---|---|
| Chairman's Report | 1 | ||
| Report of the Trustees | 2 | ||
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
The Almshouse Charity Birlingham
Chairman's Report
for the Year Ended 31 March 2023
The Almshouse Charity, Birlingham, is constituted by a Scheme of the Charity Commissioners dated 11th March 1952 as amended by a scheme date 2nd June 1971 and 28th July 2004.
The address for correspondence is : The Clerk, 3 King William IV Close, Birlingham, Pershore WR10 3AH.
Trustees:
Mr Bruce Hayward - Chairman Mr Basil Barke Mrs Caroline Smith Mr Christopher Reynard Mrs Julia Luff Mrs Margaret Barke
Mrs Angela Fitch is Clerk to the Trustees. Attwoods Accountants acted as Independent Examiner of the Accounts.
Purpose: The purpose of the Trust is to own, maintain and manage the Birlingham Almshouses for the accommodation of needy persons who would otherwise be unable to remain in their own homes.
The Trust maintains a waiting list of prospective residents and also advertises locally when a vacancy occurs.
Finance: The income from the Maintenance Charges was £27,237.92. Interest received was £1,072.59 and Wayleave received was £15.53. There was no other income to the charity. Our cash reserves at Lloyds Bank stand at £36,961.89, the COIF investments stand at £61,569.95 making a total of £98,531.84 plus the share value with M&G which stood at £38,329.59 at the year end. The most significant expense of £4,406.46 (£1,500 deposit plus £2,906.46 final payment as shown on the spreadsheet) was for a bathroom refurbishment at No. 5.
Occupancy: Has not changed during 2022/23, with all six properties fully occupied. The current waiting list comprises two potential applicants, plus one current resident who would like to move from a one bed into a two bed property should a vacancy become available.
Maintenance charges: Single properties, numbers: 1, 2, 3 and 4 remain unchanged at £350 and double properties, number 5 and 6 remain unchanged at £420.33 per calendar month. The Trustees agree unanimously that a modest increase in maintena nce charges to £360 and £435 respectively would come into affect from April 2023.
Reserves Policy: The Charity aims to keep sufficient reserves to cover the annual costs of running.
Contact: Regular visits to the Almshouses are made by the Clerk and the Trustees.
Deeds: These are lodged with Parkinson Wright, solicitors in Worcester.
Bruce Hayward, Chairman of Trustees
Page 1
The Almshouse Charity Birlingham
Report of the Trustees for the Year Ended 31 March 2023
The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 235904
Principal address
3 King William IV Close Birlingham Pershore Worcestershire WR10 3AH
Trustees
B Barke B Hayward Mrs C Smith C Reynard Lady J Luff Mrs M Barke
Independent Examiner
Attwoods Perrott House 17 Bridge Street Pershore Worcestershire WR10 1AJ
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
...................................................................... Trustee
Page 2
Independent Examiner's Report to the Trustees of The Almshouse Charity Birlingham
Independent examiner's report to the trustees of The Almshouse Charity Birlingham
I report to the charity trustees on my examination of the accounts of The Almshouse Charity Birlingham (the Trust) for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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.
Attwoods Accountants
Attwoods Perrott House 17 Bridge Street Pershore Worcestershire WR10 1AJ
Date: .............................................
Page 3
The Almshouse Charity Birlingham
Statement of Financial Activities
for the Year Ended 31 March 2023
| Notes INCOME AND ENDOWMENTS FROM Other trading activities 2 Investment income 3 Total EXPENDITURE ON Raising funds Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.3.23 Unrestricted fund £ 27,253 1,497 28,750 24 15,197 15,221 13,529 1,104,469 1,117,998 |
31.3.22 Total funds £ 26,588 3,772 30,360 37 36,310 36,347 (5,987) 1,110,456 1,104,469 |
|---|---|---|
The notes form part of these financial statements
Page 4
The Almshouse Charity Birlingham
Balance Sheet
31 March 2023
| Notes FIXED ASSETS Tangible assets 6 Investments 7 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 9 Unrestricted funds TOTAL FUNDS |
31.3.23 Unrestricted fund £ 981,677 38,330 1,020,007 98,531 (540) 97,991 1,117,998 1,117,998 1,117,998 1,117,998 |
31.3.22 Total funds £ 981,677 37,905 1,019,582 85,397 (510) 84,887 1,104,469 1,104,469 1,104,469 1,104,469 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Trustee
The notes form part of these financial statements
Page 5
The Almshouse Charity Birlingham
Notes to the Financial Statements for the Year Ended 31 March 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' 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 market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 31.3.23 | 31.3.22 | |
| £ | £ | |
| Rent and service charges receivable | 27,253 | 26,588 |
Page 6
continued...
The Almshouse Charity Birlingham
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
3. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.3.23 | 31.3.22 | |
| £ | £ | |
| Other fixed asset invest | 424 | 3,746 |
| Curr asset inv income | 1,073 | 26 |
| 1,497 | 3,772 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Other trading activities Investment income Total EXPENDITURE ON Raising funds Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 26,588 3,772 30,360 37 36,310 36,347 (5,987) 1,110,456 1,104,469 |
|---|---|
continued...
Page 7
The Almshouse Charity Birlingham
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
6. TANGIBLE FIXED ASSETS
| COST At 1 April 2022 and 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 |
Freehold property £ 981,677 |
|---|---|
| 981,677 | |
| 981,677 |
The Almshouses have been included at the insurance valuation, they do not have a market value as they can never be sold.
7. FIXED ASSET INVESTMENTS
| FIXED ASSET INVESTMENTS | |
|---|---|
| Listed | |
| investments | |
| £ | |
| MARKET VALUE | |
| At 1 April 2022 | 37,905 |
| Revaluations | 425 |
| At 31 March 2023 | 38,330 |
| NET BOOK VALUE | |
| At 31 March 2023 | 38,330 |
| At 31 March 2022 | 37,905 |
There were no investment assets outside the UK.
Cost or valuation at 31 March 2023 is represented by:
| Listed | ||
|---|---|---|
| investments | ||
| £ | ||
| Valuation in 2021 | 34,160 | |
| Valuation in 2022 | 3,745 | |
| Valuation in 2023 | 425 | |
| 38,330 | ||
| If had not been revalued would have been included at the following historical cost: | ||
| 31.3.23 | 31.3.22 | |
| £ | £ | |
| Cost | 26,582 | 26,582 |
| Aggregate provisions | (7,578) | (7,578) |
continued...
Page 8
The Almshouse Charity Birlingham
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
| 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 9. MOVEMENT IN FUNDS At 1.4.22 £ Unrestricted funds General fund 1,104,469 TOTAL FUNDS 1,104,469 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 28,750 TOTAL FUNDS 28,750 Comparatives for movement in funds At 1.4.21 £ Unrestricted funds General fund 1,110,456 TOTAL FUNDS 1,110,456 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 30,360 TOTAL FUNDS 30,360 |
31.3.23 £ 540 Net movement in funds £ 13,529 13,529 Resources expended £ (15,221) (15,221) Net movement in funds £ (5,987) (5,987) Resources expended £ (36,347) (36,347) |
31.3.22 £ 510 At 31.3.23 £ 1,117,998 1,117,998 Movement in funds £ 13,529 13,529 At 31.3.22 £ 1,104,469 1,104,469 Movement in funds £ (5,987) (5,987) |
|---|---|---|
continued...
Page 9
The Almshouse Charity Birlingham
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.21 £ 1,110,456 1,110,456 |
Net movement in funds £ 7,542 7,542 |
At 31.3.23 £ 1,117,998 |
|---|---|---|---|
| 1,117,998 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 59,110 | (51,568) | 7,542 |
| TOTAL FUNDS | 59,110 | (51,568) | 7,542 |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
Page 10
The Almshouse Charity Birlingham
| INCOME AND ENDOWMENTS Other trading activities Rent and service charges receivable Investment income Other fixed asset invest Curr asset inv income Total incoming resources EXPENDITURE Other Insurance Subscriptions Water charges Property repairs & maintenance Accountancy and Clerks fees Support costs Management Sundries Total resources expended Net income/(expenditure) |
Detailed Statement of Financial Activities for the Year Ended 31 March 2023 31.3.23 31.3.22 £ £ 27,253 26,588 424 3,746 1,073 26 1,497 3,772 28,750 30,360 228 1,564 196 202 1,476 1,292 10,165 31,136 3,132 2,116 15,197 36,310 24 37 15,221 36,347 13,529 (5,987) |
|---|---|
This page does not form part of the statutory financial statements
Page 11