ALMSHOUSE AND AGED POOR'S CHARITY OF ALTrRbD LRNLST BKtGGS REPORT AND FINANCIAL STATEMENTS YEAR ENDED 9TH JUNE 2023 Charity Commission Referon¢e Numbcr 238321 WALTER DAWSON &SoN CHARTERED ACCOVNTANTS & STATuroRy AUDITOR 1 Valley Court Off Canal Road Bradford BD14SP
AiMSHOUSE AND AGED POOR'S CHARITY OF ALFRED ERNEST BRIGGS REPORT AND FINANCIAL STATEMENTS Legal and Administrativc Infomtstion Statement of Trustees, Respon8ibili¢ies Report of the Trnstees tndependent Examinees Report Statement of Financial Activities Balance Sheet Note5 to the Financial Statements 8-13.
ALMSHOUSE AND AGED POOR'S CHARrrY OF ALFRED ERNEST BRIGGS LEGAL AND ADMtNISTRATIVE INFORMATION Chairman.. Mrs. J. Hardy Clerk.. B T Hardy Trustees: Mrs J Hardy G D Twentan C Haxby Mrs G A Atherton Mr J.S.Ellis Mrs L Ellis Mrs V Symons Inde endent F.xamin John Richard Hall FCA Walter Dawson & Son I Valley Court Canal Road Bradford BDI 4SP Bank Barclays Bank PIC Town¥ate Wyke Bradford National Westminster Bank PLC 7 Hustlergate Bradford olicito Gordons LLP 14 Piccadilly Bradford BDI 3LX Inv Investec Wealth & Investmcnt Limited Quayside House Canal Wharf I£ed8 LSI 15PU istered Office: West Cottage 210 Common Road Low Moor Bradford BD12 OEL
ALMSHOUSE AND AGED POOR'S CHARITY OF ALFRED ERNEST BRIGGS STATEMENT OF TRUSTEE'S RESPONSIBILITIES The charity trustees are responsible for preparing a tNstecs' report and financial statemen15 in accordance with applicable law and United Kin8dom A¢¢ounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK (United Kingdom Generally Accepted AOUnting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial stalements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial stalement8, the trustees are required to.. (a) select suitable accounting policies and then apply them consistently* (b) observe the methods and principles in the Charities SORP. (c) make judgements and estimates ihat are reasonable and prudent, (d) state whether applicable accounling Standards have been followed. subject to any material departures disclosed and explained in the financial statements. and (e) prepare the financial statements on the going concern basis unless it ks inappropriate to presume tha¢ the charity will continue in business. The trusl¢es ar¢ rcspon8ibl¢ for maintaining propcr accounting records that disclose with rcasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statcmcnts comply with the Charities Act 2011, the Charity (Account8 and Reports) Rcgulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the chlty and heDce for taking reasonable steps for the Prevention and detection of fraud or oiher irregularilies.
ALMSHOUSE AND AGED POOR'S CHARITY OF ALFRED ERNEST BRIGGS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 9TH JUNE 2023 The tru5tee5 present their annual report and the financi statements uf the charity for Ihe year ended 9th June 2023. Thc financial statements havc becn prLPArcd in a¢cordan¢¢ with thc charity'.% ac¢ounting polici¢s and the harills trubt deed, the Charities Act 201 l and Accounting and Rcporting by Charities.. Stalemcnl of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK (FRS 102). l. Struclurc Govcmancc and Mana cment The Charity is governed by the tru¥tecs who meei regularly &nd discuss the running of the Charity.. a) deoisions are made and are delegated to one or more trustees to ensure the outcome ol'the decisions are taken forward. b) som¢ dccisions are effecl¢d immcdiately, othcrs ar¢ r¢f¢rr¢d back for fvrthcr trustccs approval. c) some day to day decisions are delegated to the chairn]an. d) day to day Investment decisions are delegaled to a small Sub committee of two trustees. 2. Ob ectives aiid A.tivitic The objects of the Charity are to adrninister the 12 Almshouses at Abb Scott Lane, Low Moor, Bradford, which are for the benefit of pcrson or p¢rsons not l¢ss than 55 years of age in nced, who wwe rcsidcnt within I 1/1 miles of St Mark's Chur¢h, Low Moor and subject thercto for rclicf as laid down by the Charit15 Scheme. When planning thc activitie5 for the year, the trustees have considered the commission's guidan¢¢ on publi¢ benefit. When planning the activities for the year. the trnstees have considered the Commission's guidance on public benefit. 3. Achievements and Perfornw]ce There have been no material chge$ in the activities of the Charity as defined by the obje¢t. 4. Inveslmenl Polic Similarly there have been no changes in the investment policies during the year which are to maxirnise the rate of return from Investments to ensure income is available to meet the object of the Charity.
ALMSHOUSE AND AGED POOR'S CHARITY OF ALFRED ERNEST BRIGGS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 9TH JUNE 2023 5. Financial Review It 15 the policy of the Chartty to maintain the level of reserves necessary to ensure the financial commitments. of the Charity cl be achieved on a regular basi5 from the income produced by the inveslrnents and other sources. The trustees will ensure as far as possible that the reserves are maintained to achieve the object of the Charity. The Extraordinary Reserve Fund will be maintained as laid down by the scheme and currently stands at £15,872 (2022 .. £15,872) fccs considcr that thc currcnt ovcrall l¢vcl of rcscrvcs is ad¢quat¢. 6.ma or Risks The trnstees have examined the business and opernlional risks which the Charity may face and confirni that systems are in placc $0 ihat Ihc ncccssary stcps can be taken to lessen thcsc risks. This report was approved and authorised for issue by the truslees on 16th November 2023 and signed on thcir bchalf by.. Mrs. J.Hard
INDEPENDENT EXAMtNER'S REPORT TO THE TRUSTEES OF ALMSHOUSE AND AGED POOR'S CHATy OF ALFRED ERNEST BRIGGS I report to the truslees on my examination of the financial statements of the charity for the year ended 9th June 2023 which are set out on pagcs 8 to 13. Res onsibilities and Basis of Re ort As the tNstees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in resp¢ct of my exarnination of the chariws accounts Calcd out under Section 145 of the 2011 Act and in carying out my examination I have followed all the applicable Directions givcn by the Charity Commission under Section 145(5)(b) of the 2011 Act. Inde 'nd nl Examin tatement I have completed my exarnination. I can confirn) that no material matter8 have come to my attention in connection with the examin&tion giving me cause to believe that in any material respect., (a) accounting records were not kept in respecl of the charity required by Section 130 of the Act,. or (b) thc financial statements do not accord with Ihosc rccords. or (C) the financial slateinents do not comply with the applicable requirements concerning th¢ forni and coiilent of the financial statements set oul in the Cliarilies {ALcounls and Reporls) Regulations 2008 other than any requirement that the financial statements give a 'true and fair view, whi¢h 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 bc drawn in this report in order to enable a proper underslanding of thc financial Slatements to be reached. John Richard Hall FCA WALTER DAWSON & SON ed Acco I Valley Court Canal Road Bradford BDI 4SP ntant 16thN r 2023
ALMSHOUSE AND AGED POOR'S CHARrrY OF ALFRED ERNEST BRIGGS STATEMENT OF FINAN IALA TIVITIES R THE YEAR ENDED 9TH JLfNE 2023 Extra- ordinary Repairs and Rcbuilding Fund Notes Gencral Fund Total 2023 Total 2022 COME AND ENDOWMENTS FROM: Investments Charitablc Activities TOTAL INCOME AND ENDOWMENTS 18,050 23.340 18,050 23.340 15,873 22.620 41.390 41.390 38,493 EXPENDITURE Charitable Activities Other TOTAL EXPENDIT 20,721 9.381 30,102 20,721 9,381 30,102 16,327 6,001 22,328 NET INCOME BEF ANDL SSES ON INVE TMENT RE 11,288 11,288 16,165 Net (LLisses) on Investments 28,098 28,098 11,920 NET tNCOME BEFOR THE NI ED AtN (16,810) (16,810) 4,245 OTHER RE NISED GAtN Gains on Revaluation of Fixed Assets NET MOVEM (16,810) (16,810) 4,245 CILIATION OF FUND Total Funds at 10th June 2022 TolAI Funds at 9th June 2023 2,333,378 2,316,568 15,872 15,872 2,349,250 2.332,440 2,345,005 2.349,250 All incoming resources and resources exp¢nd¢d d¢riv¢ from continuing activities.
ALMSHOUSE AND AGED POOR'S CHARITY OF ALFRED ERNEST BRIGGS BALANCE SHEET AS AT 9TH JUNE 2023 2023 2022 Notes FtXED ASSETS Tangible Assets Investments 1,607.502 532,500 2,140,002 1.607.502 555,989 2,163.491 12 CURRENT ASSETS Cash at Bank 194,095 194,095 187,474 187.474 CRF.I)ITORS: Amounts Falling Due Within One Year 1,657 1,715 NET CURIiENT ASSETS 192.438 2,332,440 1115.759 2.349,250 TOT AL ASSETS LESS CURRENT LIABILITIE The Funds of the Charity.. RESTRICTED OMEF 15,872 15.872 UNRESTRICTED FUNDS General Funds Revaluation Reserve 15 15 755,393 ,561 175 772,203 1,561,175 2,316,568 2,332,440 2,333,378 2,349,250 The financial statements were approved and authorised for issue by the Trustees on 16th November 2023 and sismed on their behalf by.. Mrs. J. Hard Chairn]an
ALMSHOUSE AND AGED POOR'S CHAIUTY OF ALFRED ERNEST BRtGGS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 9TH JUNE 2023 I. STATUTORY tNFORMATION Almshouse and Aged Poor's Charity of Alfred Ernest Briggs is a Gharity domiclled in England and Wales, registration number 238321. The principal place of business is The Almshous¢s at Abb Scott Lane. Low Moor, Bradford. 2. COMPLIANCE WITH ACCOUNTtNG STANDARDS The tinancial statements have been prepared in accordance with Accounting and Reporting by Charities: St8t¥m¢nl of Rccommended PractiGe applicable to charities preparing th¢ir acLuunts in a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and IhL Charilics Act 2011. 3. ACCOUNTtNG POLICIES The financial Statcmcnls have been prcparcd undcr thc historical cost convention as modificd by the revalugtion of certain assets. The presentation currency is sterlin8. The particular accounting policies adopted are as follows: {a) Doiialiont> Le cies il r Incomiii Resou Donations, legacies and similar incoming resources are included in the year in which they are receivable, which is when the charity becomes entitled to the resource. ce (b) Inveslinenl Inc me and Rental Incom Income from investments and from rental incomc is included in the SOFA in the year in which il is fLc¢ivable enditure All cxpcnditure is included on an annual basis and is r¢cognised when Ihere is a legal or nslructive obligation to pay for expenditure. All costs have been directly attributed to one of the functional categories of resources expended in the SOFA. The charity is not registered for VAT and ac¢ordingly expenditure is shown gross of irrecoverable VAT.
ALMSHOUSE AND AGED POOR'S CHARITY OF ALFRED ERNEST BRIGGS NOTES TO THE FINANCIAL STATEMENrs YEAR ENDED 9TH JUNE 2023 3. ACCOUNTING POLICIES (continued) (d) Tati ible Fixed Assets The Almshouses are stated at an insurance valuation. The Almshouses are not depreciated as the trnstees consider this 15 a departure from Finim¢iAI Reporting Standard No.102 and The Charity (Accounts and Reports) Regulations necessary to give a truc and fair view in the fncI&l statements, as the estimated residuaj valuc of thc freehold buildings CKc¢cd5 ils c4rryinB value. (e) Fund Accountin Fuud5 hcld by thc charity are either: Unreslric¢ed generalfunds - these are funds which can be us¢d in accordance with the charitable objects at the discretion of the tNstees. Designatedfunds- these are funds set aside by the Istee$ out of unrestricted 8eneral funds for specific tUre pUOSeS or proje¢ts, Reslricledfunds - these are funds that can only bc used for particular reslri¢ted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for parlicular restricted purposes. Further explanaiion of the na¢ure And puryyose of ea¢h fund 18 included in the notes lo the financial siatements. (fj Investments Quotcd invcstm¢nts are included at market value at the balance shcct datc. The gain or loss in the market value of invet>tments during Ihc year is shown in the charitys SOFA. Unquoted investments arc included at cost. 4. INVESTMENTS Extra- ordinary Rcpairs and Rebuilding Fund Total 2023 Tot&1 2022 General Fund Shares and Loan Stock Bank Interest 17,273 777 18,050 17.273 777 18,050 15.845 28 15,873
ALMSHOUSE AND AGED POOR'S CHAIUTY OF ALFRED ERNEST BRIGGS NOTES TO THE FtNANCL4L STATEMENTS YEAR ENDED 9TH JUNE 2023 5. CHAIUTABLE ACTIVITIES Extra- ordinary Repairs and Rebuilding Fund Total 2023 Total 2022 General Fund Tenants Contributions 23,340 23,340 23,340 23,340 22,620 22,620 6. CHARITABLE ACTIVITIES Extra- ordinary Repairs and Rebuilding Fund Total 2023 Total 2022 General Fund Electricity Insurance Water Rates Repairs and Maintenance Loss on sale of Equipment Gardening Expcnditure 79 1,358 2,225 11,904 79 1,358 2,225 11.904 167 1,247 1,975 7,363 600 4.975 16,327 5,155 20,721 5.155 20.721 THER COSTS Extru- ordinary Repairs and Rebuilding Fund Total 2023 Total 2022 General Fund Legal and Secretarial Accountancy Sundry Expenses Investec Fccs 979 1,124 495 6.783 9,381 979 1,124 495 6.783 9.381 1,894 1,170 269 2,668 6,001 io
ALMSHOUSE AND AGED POOR'S CHARITY OF ALFRED ERNEST BIUGGS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 9TH JUNE 2023 8. TRUSTEES, RE RATION Trustees received no remuneration but were reimbursed for their expenses in both years. 9. NET GAtNS ON INVESTMENTS Extra- ordinary Repairs and Rcbuilding Fund Total 2023 Total 2022 Gcncral Fund Net Gain l (Loss) on Sale of Investments Net Gain l (Loss) on Investments from Change in Market Value (2,345) (2,345) 381 (26.152) (26,152) (12,301) Capitalisation 399 28,098) 399 28.098 10. NET INCOMEI EXPENDI 2023 2022 This 18 ststed after Charging: Accountant's Fee .124 1,170 11. TAN IBLE F Almshouses C05t or Valuation: At 10th June 2022 Additions Disposals At 9th June 2023 1,607,502 1,607,502 li
ALMSHOUSE AND AGED POOR'S CHARITY OF ALFRED ERNEST BRIGGS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 9TH JUNE 2023 I I. TANGIBLF. FIXED ASSETS (continued) In accordance with Ihe provisions of the Charity (Accounts and Reports) Regulations, the trustees hav¢ considered the value of the Almshouges and httve valued them at £1,606,000 based on the latest insurance valuation. The Almshouses were revalued on 30th June 2020 at a value of £1,606.000. If they havc not been revalued thcy would have been includcd at a historical cosl of £45,188. The surpluses hav¢ bccn included in gcncral rcserves as part of a revaluation rescrvc. 12. STMENTS All the investments are quoted investments lisled on a recognised stock exchange. All the investments are held primarily to provide Y¢n investment return for th¢ charity. 2023 2022 Market Value at lthh June 2022 Additiony #t Cost Disposals ai Market Value Capitalisalion Nel Gainl Loss on Tnveslments from Change in Market Value Markci Value at 9th Junu 2023 555,989 585,785 118,125 103,463 (115,462) (120,9511) 26,152 532,500 (12,301 555,9119 Historical Cost at 9th June 2023 505,728 493,925 REDIT 13. .. Amounts Fallin¥ Due Wilhin Onc Ycar 2023 2022 Accruals and Defetred Incorne ,657 ,657 1,715 1,715 14. ANALY T ASSETS BETW General Funds Restricted Funds Total Funds Tangible Fixed Assets Investments Current Assets Current Liab7lities Nct Assets at 9th June 2023 1,607,502 532,5(X) 178,223 1,657 2,316,568 1.607,502 532,500 194.095 1,657 2 332 440 15,872 15.872 12