ALMSHOUSE AND AC•ED POOR'S CHARITY OF ALFRF.D FIINEST BRICGS REPORT AND FINANCIAL STATEMENTS YEAR ENDED 9TH JUNE 2024 Charity Commission Reference Number 22&1L WALTER DAWSON &SoN CHARTERED AccouNTANTS & STATUTORY AUDITOR I VALLEY COURT OFF CANAL ROAD BRADFORD BDI 4SP
ALMS ND AGED P 'S CHARITY LFRED ERNF.ST BRIGGS RI.:PORT AND FINANCIAL STATEMENTS onten Legal and Administrative InformAtion ststement of Trust¢es' Responsibilitles Report of th¢ Trustees Independent Examinerfs Report sts*ment of Financial Activities Balanrx Sheet Yotes to the Financial Ststements 8- 13.
ALMSHOUSE AND AGED POOR'S CHAIUTY OF ALFRED ERNEST BRIGGS LEGAL AND ADMtNISTRATIVE INFORMATION Chairman: Mrs. J. Hardy B T Hardy Trustees. Mrs J Hardy G D Twentyman C Haxby Mrs G A Aiherton Mr J.S.Ellis Mrs L Ellis Ii)de endent Fxami John Richard Hall FCA Walter Dawson & Son I Valley Court Canal Road Bradford BDI 4SP ank Barclay8 Bank PIC Towngate Wyke Bradford National Westminster Bank PLC 7 Hustlergate Bradford licitors.. Gordons LLP 14 Piccadilly Bradford BDI 3LX Investec Wealth & Investment Limited Quayside House Canal Wharf L¢eds LSI15PU West Cottage 210 Common Road Low Moor Bradford BD12 OEL
ALMSHOUSE AND AGE POOR'S CHARITY OF ALFRED ERNEST BRIGGS STATEMENT OF TRUSTEE'S RESPONSIBILITIES The charity Irustees arc responsible for preparing a trustees, report and financial statements in aordance with applicable law and United Kingdorn Accounting Standards includin¥ Financial Rew)rting Siandard 102: The Financial ReJKYrtin8 Standard applicable in the UK {Unitcd Kingdom Generally Accepted Accounting Practi¢¢). The law appli¢abl¢ to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the charity and of the income and expenditure of the charity for that period. In preparing ihese financial slatemcnts, the trustees are required to: (a) select suitable accounting policies and th¢n apply them consistently. (b) observe thc methods and principles in the Chariti¢s SORP; (c) make judgements and estimates that &re reasonable and prudent. (d) state whether applicable accounling standards have been followed, Subject to any material departureb disclosed and explained in the financial statements. and (e) prepare the fin8ncial statements on the going concern basis unless it is inappropriate lo presume that the charity will conlinue in business. The tru5te¢5 are responsible for maintaining proper accounting records that disclose wilh reasonable accuracy at any lime the financial position of the charity and io enable them to ensure that the financial stalements comply with the Charities Act 2011, the Chority (Accounls and Reports) Regulations 2008 and the provisions of the trusl deed. They are also responsible for safeguarding the assets of the charity and hence for takin8 reasonable 5tep5 for the prevention and detection of fraud or other irregularities.
ALMSHOUSE AND AGED POOR'S CHARITY or ALFRED ERNEST BRIGGS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 9TH JUNE 2024 Th¢ trustees pres¢nt their annual rewrt and the financial stalernents of the charity lor the y¢ar ended 9th June 2024. The financial statements have been prepared in accordance with the charitys accounting policies and thc charity's trust deed. the Charities A¢t 201 l and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Rew)rting Standard applicable in the UK (FRS 102). l. Siructure Governancc and Man em nl The Charily is governed by the trustees who meet regularly and discuss the running of the Charity: a) decisions are made and are delegated to one or more truslees to ensure th¢ outcome of the dccisions arc taken forward. b) some decisions are effected immediately, others are referred back for further trustees approval. c) some day to day decisions are dele8ated to the chairman. d) day to day Investment decisions are delegated to a small sub committee ol'two trustecs. eclives and A The objeccs of thc Charity ar¢ to administer the 12 Almshouses at Abb Scott Lane, Low Moor, Bradford, which are for the benefit of person or persons not less than 55 years of age in ne¢d, who were residcnl wiihin 11/2 miles of St Mark's Church. Low Moor and subject thereto for relicf as laid down by the Charity's Scheme. When planning the tivitIeS for the year, the trustees hAve considered the commission'5 guidance on public benefit. When planning the activities for the year, the trustees have ¢onsidered the Commission's guidance on public benefit. chievemen forma There have been no material changes in the activities of the Charity as defined by the object. 4. Inv Similarly there have been no Changes in the investment policies during the year which are to maximise the rate of return from Investments to ensure income is available to meet the objecl of the Charity.
LMSHO E AND AGED POOR'S CHARITY OF ALFRED ERNEST BRIGG RE ORT OF THE TRUSTEES FOR THE YEAR E DED 9TH JUNE 2024 5. Financial Review It is the p)licy of the Charity to maintain ihe level of reserves necessary to ensure ihe financial commilments ofihe Charity can be achieved on a regular basis from the income produced by th¢ investments and other 50urces. The trustees will ensure as far as possible that the reserves are m&inlained to achieve the object of the Charity. The Extraordinary Res¢rve Fund will be maintained as laid down by the scheme and currently stands at £15,872 (2023 £15,872) fees consider that the cufftnt overall level of reserves is adequate. 6.ma r Risks The trust¢es have examined the busines$ and oper&tion41 risks which the Charity may face and confirm that systems are in place so thal the necessary steps can be taken to lessen these risks. This report was approved authorised for issue by the trustees on 16th November 2024 and Signed on their behalf by: Mrs.JH rd Trust
tNDEPENDENT EXAMINER'S Rf.PORT TO THE TRUSTEES LMSHOUSF. AND ACJED POOR'S CHARITY OF ALFRED ERNEST BRIGGS OF I rep)rt lo the trustees on my examination of the financial statements of the charity for the year ended 9th June 2024 which are set out on pages 8 to 13. sibilities and B sis of Re ort As the trustees of the charity you are Tcspollsible for the preparAtion of ihe financial statements in accordance with the requir¢mcnts of the Charities Act 2011 ('the A¢1?, I report in respecl of my ¢xamination of the charity's accounts carried out under Section 145 of the 201 l Act and in carrying out my examination I have followed all the applicable Dir¢¢tion$ givcn by the Charity Commission under Section 145(5){b) of the 2011 Act. ndent F.x min r's St iement I have completed my examination. I can confirm ihal no material matters have come to my attenlion in connection with the examination giving me cause to believe that in any material respecl.. (a) aGcountin8 records were not kept in respect of the charily required by Section 130 of the Act,. or (b) Ihe financial stalements do not accord with those record5: or (c) the financial siatements do not Comply with the applicable requirnents concerningT the Forni and content of Ihe financial statements set out in the Charitie5 (Accounts and Reports) Regulations 2008 other than any requirement thal the financial statements give a 'lrue and fair view, whi¢h is not a matter considered as part of an independent cxamination. I have no concerns and have come across no other matters in Connection with the examination to which Atlention should be drawn in this report in order to enable a proper underslandin&y of the financial statements to be reached. John Richard Hall FCA WALTER DAWSON & SON ered Accountants I Valley Court Canal Road Bradford BDI 4SP 16th N vemb r 2024
AL SHOUSE AND AGED POOR'S CHARITY OF ALFRED ERNEST BRIGGS STATEMENT OF FINANCIAI. AC'fiviTIES FOR TFIE YEAR E DED 9"rFI JUN Extra- ordinary Repairs and Rebuilding Fund Notes Gen¢ral Fund Total 2024 Total 2023 COME D ENDOWMEN'rs Inve%tments Charitable Activities TOTAI. INCOMI.: AND ENDOWMF.NTS 21,941 23,900 21,941 23,900 18,050 23,340 45,841 45,841 41,390 EXPENDITIJRf. ON.. Charitablc Activities Other I'O'I'AL EXPE.'NDIT 13,176 6,792 19,968 13,176 6,792 19,968 20,721 9,381 30,102 NF.T INCOMF, FI , ND I,()SS1.:S ON 25,873 25,873 11,288 Net Gains (Losses) on Invcsiments 22,360 22,360 NE'I" IN 'rFIF.R OGNISED GAINS 48,233 48,233 (16,810) NIS AINS Gains on Revaluation of Fixed Assets NET MOVEMr. 48233 48,233 (16.810) ONCI TION OF FUNDS Total Funds at 10th Jun¢ 2023 Totsl Funds at 9th June 2024 2 316 568 2,364,801 15,872 15,872 2.332,440 2,380,673 2,349,250 2,332,440 All incoming resources and r¢sources expended derive from continuing activities.
ALMSHOUSE AND AGLD POOR'S CHAIUTY OF ALFRED ERNEST BRIGGS BALANCE SHE ' AT9TH JUNE 2024 024 2023 Notes FIXED ASSETS Tangible Assets nveslment5 ,607,502 542,922 2.150,424 1,607,502 532,500 2.140.002 12 CURRENT ASSETS Cash a¢ Bank 232,099 232.099 194,095 194,095 IIEDI'foiis: Amounis Falling Due Within One Year 1,850 (1,657) NET CURRENT ASSETS 230,249 2,380.673 192,438 2,332,44U TnTAI. ASSF. LIABILITIES .SS CURRFN The Funds of the Charity: 15 15,872 15.872 NRES"fRI p.1 General Funds Revaluation Reserve 15 15 803,626 .561,175 755.393 1.561.175 2,364,801 2,380,673 2,316,568 2.332,440 The financial statements were approved and authorised for issue by the Trustees on 16th November 2024 and signed on their behalf by.. Mrs. J. Hard Chairman
MSHOU E AND AGED POOR'S CFIARITY or ALFRED ERNEST BRIGGS NOTES I'O TI IF. FINANCIAL STATEMENT. YEAR ENDF.D 91"FI JUNF. 2024 TAT TORY FORMA'fioN Almshouse and Aged Poor's Charity of Alfred Eme5t Briggs is a charity domiciled in England and Wales. registration number 238321. The principal place of business is The Almshouses ai Abb Scott Lane, Low Moor. Bradford. 2, COMP NC NTING STANDARDS The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the FinanLial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Aci 2011. NTI po Ici The financial statements have been prepared under the historic&1 cost convention as mudified by the revaluation of certain assets. The prcsentation currency is sterling. The particular accounting policies adopted ore as follows: (a) Don ns cies and iinilar Incom Resources 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. (b) Inve mcnl Income a dR ntalln InLom¢ from investments and from rental income is included in the SOFA in the year in which it is receivable All expenditure is included on an annual basis and is recognised when there is a le881 or constru¢tAve obligation to pay for expenditure. All costs have been directly attributed to one of the functional categories of sourceS expended in the SOFA. The charity is not re8iStered for VAT ond accordingly expenditure is shown gross of irrecoverable VA T,
ALMSHOUSE AND AGED POOR'S CHARITY OF ALFRED ERNEST BRJGGS NOTES TO THE FtNANCIAL STATEMENTS YEAR ENDED 9TH JUNE 2024 3. ACCOUNT NCJ POI,ICIF.S (continued) (d) Tan ible Fixe Assets The Almshouses are stated at an insurance valuation. The Almshouses are not depreciated as the trustees consider this is a departure from Financial Reporting Standard No.102 and The Charity (Accounts and ReF4)rts) Regulations necessary to give a true and fair vicw in ihe financial statements, as the estima*d residual value of the freehold buildings excceds its arrying value. (e) Fund ceountin Funds held by ihe charity are either: UnreJ'lri¢ledxLneralfynd,s' _ these are funds which can be used in accordancc wilh the charithble objects at the discretion of the trustees. .iignulgdfynds - these are funds s¢t aside by the Iru5tees out of unrestricted general fund5 for specific future purposes or projec15. ReslrictLdfd& - these are funds that can only be used for particular restricted purposes within the objecls of the charity. Restriclions arise when specified by thc donor or when funds are raised for particulhr restricted purposes. Furth¢r explanaiion of the nature and purposc of each fund is included in the nol¢s to the financial statements. (fj nvestmenls Quoted investments are includcd al market value at the balanc¢ shee¢ dale. The gain ()r loss in the market valu¢ of investrnents during the y¢ar is shown in the charity'5 SOFA. Unquoted invcstments are included at cost. 4. INV STMENTS Extra- ordinary Repairs and Rebuilding Fund Total 2024 Total 2023 General Fund Shares and tKJan Stock Bank Interest 19,693 2,248 21,941 19,693 2,248 21,941 17,273 777 18,050
ALMSHOUSE AND AGED POOR'S CI-IARITY OF ALFRED F.RN I'ES TO THL FINANCIAL STATEM TS YEAR ENDFD 9TH JIJNE 2024 T BRIGGS 5. C14ARITABLE ACTIVITIES Extra- ordinary Repairs and Rebuilding Fund Tot81 2024 Total 2023 General Fund Tenants Contributions 23,900 23.900 23,900 23.900 23,340 23,340 6. CFI ITAB TIVIT Extra- ordinary R¢pRirs and Rebuilding Fund Total 2024 Totsl 2023 General Fund Electricity Insurance Watcr & General Rates Repairs and Maintenance Gardening Expenditure 95 ,593 3,058 3,280 5,150 13,176 95 1,593 3,058 3,280 5,150 13,176 79 1,358 2,225 11,904 5,155 20,721 7. OTHER COSTS Extra- ordinary Repairs and Rebuilding Fund Total 2024 Total 2023 General Fund L¢gal and Scc,retarial Accountsn¢y Sundry Expenses Investec Fees 472 ,393 ,029 3,898 6,792 472 1,393 1.029 3.898 6,792 979 1,124 495 6,783 9,381 io
AL SHOUSF AND AGF.D POOR'S CI IARITY OF ALFRED ERNEST BRIGGS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 9TH JLfNE 2024 TRUSTfES' REMUNF.RATION TNstees received no remuneration but were reimbursed for their cxpenses in both years. 9. NET NS ON INVE TS Extra- ordinary Repairs and Rebuilding Fund Total 2024 Total 2023 General Fund Nel Gain l (Loss) on Sale of Investments N¢t Gain / (Loss) on Inv¢strnents from Change in Market Value 5,151 5,151 (2.345) 17,209 17.209 { 26,152) Capitalisation 399 10. R Tl 2024 2023 This is slated after chargin8', Accountant's Fee ,393 1,124 AN IB Fl ET Almshouses Cost or Valua At l Oth June 2023 Additions Disposals At 9th June 2024 1,607,502 1.607 502
AL SHOUSE AND AGED POOR'S C14ARITY OF ALFRED ERNEST BRIGG NOTES TO THE FINANCIAL STA'fEME YEAR ENDEI) 9TI.I JUNE 2024 11. I'ANGIBLC ri EDAS .TS (continued) In accordance with the provisions of the Charity (Accounts and Reports) Regulations. the trustees havc considered the value of the Almshouses and have valued them at £1,606,000 based on ihe latest insurance valuation. The Almshouses wer¢ revalued on 30th June 2020 at a value or £1,606.000. If they have not been revalued they would have been included at a historical c05t of £45.188. The surpluscs have been includ¢d in general reseryes as part of a revaluation reserve. 12. INV STMF.N All the investments are quoted investments listed on a recognised stock exchange. All the investmcnts are held primarily to provide an invcstment return for the charity. 2024 2023 Market Value at l Oth June 2023 Additions at Cost Disp)8als at Market Value Capilalisalion Net (iuinl Loss on Investments from Change in Market Value Market Valu¢ at 9th June 2024 532,500 555,989 226,389 18,125 (233,176) (115,462) 17,209 542,922 (26,152 532,500 Hislorical Cost at 9th June 2024 513,824 493.925 13. RF.DITORS'. Amounts Falling Due Within One Year 2024 2023 Accrua15 and Deferred Income 1,850 1,850 1,657 1,657 14. A sis BETWFE NDS General Funds Restricted Funds Total Funds Tangiblc Fixed Assets Investments Current As5¢ts Current Liabililies Net Assets at 9th June 2024 1,607,$02 542,922 216,227 (1.850 2.364.801 1,6Q7,502 542,922 232,099 1,850 2,380,673 15.872 15.872 12