## **ALMSHOUSE AND AGED POOR'S CHARITY OF ALFRED ERNEST BRIGGS**
## **REPORT AND FINANCIAL STATEMENTS**
**YEAR ENDED 9TH JUNE 2025**
Charity Commission Reference Number 238321
## ALMSHOUSE AND AGED POOR'S CHARITY OF ALFRED ERNEST BRIGGS REPORT AND FINANCIAL STATEMENTS
|Contents
Legal and Administrative Information
Statement of Trustees' Responsibilities
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements|Page
1.
2.
3 - 4.
5.
6.
7.
8 - 13.|
|---|---|
## ALMSHOUSE AND AGED POOR'S CHARITY OF ALFRED ERNEST BRIGGS
||LEGAL AND ADMINISTRATIVE INFORMATION|LEGAL AND ADMINISTRATIVE INFORMATION|LEGAL AND ADMINISTRATIVE INFORMATION|LEGAL AND ADMINISTRATIVE INFORMATION|LEGAL AND ADMINISTRATIVE INFORMATION|
|---|---|---|---|---|---|
|Chairman
:||||Mrs. J. Hardy||
|Clerk:||||G D Twentyman||
|Trustees:||||Mrs J Hardy|Mrs.R.Amos|
|||||C Haxby|Mr J.S.Ellis|
|||||Mrs L Jenic|Mrs L Ellis|
|||||Mr T Moore||
|Independent Examiner
:||||John Richard Hall FCA||
|||||Walter Dawson & Son||
|||||1 Valley Court||
|||||Canal Road||
|||||Bradford BD1 4SP||
|Bankers
:||||Barclays Bank Plc|National Westminster Bank|
|||||10 Market Street|PLC|
|||||Bradford|7 Hustlergate|
|||||BD1 1EG|Bradford|
|Solicitors
:||||Gordons LLP||
|||||14 Piccadilly||
|||||Bradford||
|||||BD1 3LX||
|Investment Advisors
:||||Rathbones Investment Management||
|||||4th Floor 3 Wellington Place||
|||||Leeds||
|||||LS1 4AP||
|Registered Office
:||||13 St Abbs Fold||
|||||Odsal||
|||||Bradford||
|||||BD6 1EL||
1
## ALMSHOUSE AND AGED POOR'S CHARITY OF ALFRED ERNEST BRIGGS
## STATEMENT OF TRUSTEE'S RESPONSIBILITIES
The charity trustees are responsible for preparing a trustees' report and financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK (United Kingdom Generally Accepted Accounting Practice).
The law applicable 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 state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, 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 that are reasonable and prudent;
- (d) state whether applicable accounting 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 is inappropriate to presume that the charity will continue in business.
The trustees are responsible for maintaining proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.
2
## ALMSHOUSE AND AGED POOR'S CHARITY OF ALFRED ERNEST BRIGGS
## REPORT OF THE TRUSTEES
## FOR THE YEAR ENDED 9TH JUNE 2025
The trustees present their annual report and the financial statements of the charity for the year ended 9th June 2024.
The financial statements have been prepared in accordance with the charity's accounting policies and the charity's trust deed, the Charities Act 2011 and 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 (FRS 102).
## 1. Structure, Governance and Management
The Charity 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 trustees to ensure the outcome of the decisions are taken forward.
- b) some decisions are effected immediately, others are referred back for further trustees approval.
- c) some day to day decisions are delegated to the chairman.
- d) day to day Investment decisions are delegated to a small sub committee of two trustees.
## 2. Objectives and Activities
The objects of the Charity are 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 need, who were resident within 1½ miles of St Mark's Church, Low Moor and subject thereto for relief as laid down by the Charity's Scheme. When planning the activities for the year, the trustees have considered the commission's guidance on public benefit.
When planning the activities for the year, the trustees have considered the Commission's guidance on public benefit.
## 3. Achievements and Performance
There have been no material changes in the activities of the Charity as defined by the object.
## 4. Investment Policy
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 object of the Charity.
3
## ALMSHOUSE AND AGED POOR'S CHARITY OF ALFRED ERNEST BRIGGS REPORT OF THE TRUSTEES
## FOR THE YEAR ENDED 9TH JUNE 2025
## 5. Financial Review
It is the policy of the Charity to maintain the level of reserves necessary to ensure the financial commitments of the Charity can be achieved on a regular basis from the income produced by the investments 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 (2024 : £15,872) the trustees consider that the current overall level of reserves is adequate.
## 6. Major Risks
The trustees have examined the business and operational risks which the Charity may face and confirm that systems are in place so that the necessary steps can be taken to lessen these risks.
This report was approved and authorised for issue by the trustees on 16th November 2025 and signed on their behalf by:
Mrs. J.Hardy
## Trustee
4
## INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
## OF ALMSHOUSE AND AGED POOR'S CHARITY OF ALFRED ERNEST BRIGGS
I report to the trustees on my examination of the financial statements of the charity for the year ended 9th June 2025 which are set out on pages 8 to 13.
## Responsibilities and Basis of Report
As the trustees 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 respect of my examination of the charity's accounts carried out under Section 145 of the 2011 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 2011 Act.
## Independent Examiner's Statement
I have completed my examination. I can 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:
- (a) accounting records were not kept in respect of the charity required by Section 130 of the Act; or
- (b) the financial statements do not accord with those records; or
- (c) the financial statements do not comply with the applicable requirements concerning the form and content of the financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.
John Richard Hall FCA
WALTER DAWSON & SON
## Chartered Accountants
1 Valley Court Canal Road Bradford BD1 4SP
16th November 2025
5
## ALMSHOUSE AND AGED POOR'S CHARITY OF ALFRED ERNEST BRIGGS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 9TH JUNE 2025
|Notes
4
5
6
7
9
OTHER RECOGNISED GAINS
INCOME AND ENDOWMENTS
FROM
:
TOTAL INCOME AND
ENDOWMENTS
TOTAL EXPENDITURE
Investments
RECONCILIATION OF FUNDS
Total Funds at 10th June 2024
Charitable Activities
Other
NET INCOME BEFORE GAINS
AND LOSSES ON
INVESTMENTS
Net Gains (Losses) on Investments
Gains on Revaluation of Fixed Assets
NET MOVEMENTS IN FUNDS
NET INCOME BEFORE
OTHER RECOGNISED GAINS
EXPENDITURE ON:
Charitable Activities
Total Funds at 9th June 2025|Notes|General
Fund|Extra-
ordinary
Repairs and
Rebuilding
Fund|Total
2025
Total
2024
£
£
18,921
21,941
24,480
23,900
43,401
45,841
12,946
13,176
8,807
6,792
21,753
19,968
21,648
25,873
16,448
22,360
38,096
48,233
638,637
-
676,733
48,233
2,380,673
2,332,440
3,057,406
2,380,673|
|---|---|---|---|---|
|||£
18,921
24,480|£
-
-||
|||43,401|-||
|||12,946
8,807|-
-||
|||21,753|-||
|||21,648
16,448|-
-||
|||38,096
638,637|-
-||
|||676,733
2,364,801|-
15,872||
|||3,041,534|15,872||
All incoming resources and resources expended derive from continuing activities.
6
## ALMSHOUSE AND AGED POOR'S CHARITY OF ALFRED ERNEST BRIGGS BALANCE SHEET AS AT 9TH JUNE 2025
|Tangible Assets
Investments
CURRENT ASSETS
Cash at Bank
NET CURRENT ASSETS
The Funds of the Charity:
RESTRICTED INCOME FUNDS
UNRESTRICTED FUNDS
General Funds
Revaluation Reserve
LIABILITIES
CREDITORS:
Amounts Falling
Due Within One Year
TOTAL ASSETS LESS CURRENT
FIXED ASSETS|Notes|£
£
£
£
2,246,139
1,607,502
567,609
542,922
2,813,748
2,150,424
245,908
232,099
245,908
232,099
(2,250)
(1,850)
243,658
230,249
3,057,406
2,380,673
15,872
15,872
841,722
803,626
2,199,812
1,561,175
3,041,534
2,364,801
3,057,406
2,380,673
2025
2024|£
£
£
£
2,246,139
1,607,502
567,609
542,922
2,813,748
2,150,424
245,908
232,099
245,908
232,099
(2,250)
(1,850)
243,658
230,249
3,057,406
2,380,673
15,872
15,872
841,722
803,626
2,199,812
1,561,175
3,041,534
2,364,801
3,057,406
2,380,673
2025
2024|
|---|---|---|---|
||11
12
13
15
15
15|||
||||2,150,424
230,249|
|||245,908
(2,250)||
|||841,722
2,199,812||
||||2,380,673|
||||15,872
2,364,801|
|||||
||||2,380,673|
The financial statements were approved and authorised for issue by the Trustees on 16th November 2025 and signed on their behalf by:
Mrs. J. Hardy Chairman
7
ALMSHOUSE AND AGED POOR'S CHARITY OF ALFRED ERNEST BRIGGS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 9TH JUNE 2025
## 1. STATUTORY INFORMATION
Almshouse and Aged Poor's Charity of Alfred Ernest Briggs is a charity domiciled in England and Wales, registration number 238321. The principal place of business is The Almshouses at Abb Scott Lane, Low Moor, Bradford.
## 2. COMPLIANCE WITH ACCOUNTING STANDARDS
The financial statements have been prepared in accordance with 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) and the Charities Act 2011.
## 3. ACCOUNTING POLICIES
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.
The presentation currency is sterling.
The particular accounting policies adopted are as follows:
## (a) Donations, Legacies and Similar Incoming 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) Investment Income and Rental Income
- Income from investments and from rental income is included in the SOFA in the year in which it is receivable
## (c) Expenditure
All expenditure is included on an annual basis and is recognised when there is a legal or constructive 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 accordingly expenditure is shown gross of irrecoverable VAT.
8
ALMSHOUSE AND AGED POOR'S CHARITY OF ALFRED ERNEST BRIGGS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 9TH JUNE 2025
## 3. ACCOUNTING POLICIES (continued) (d) Tangible Fixed 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 Reports) Regulations necessary to give a true and fair view in the financial statements, as the estimated residual value of the freehold buildings exceeds its carrying value.
## (e) Fund Accounting
Funds held by the charity are either:
- **.** _Unrestricted general funds -_ these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
- **.** _Designated funds -_ these are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects.
- **.** _Restricted funds -_ these are funds that 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.
## (f) Investments
Quoted investments are included at market value at the balance sheet date. The gain or loss in the market value of investments during the year is shown in the charity's SOFA.
Unquoted investments are included at cost.
## 4. INVESTMENTS
|INVESTMENTS||||
|---|---|---|---|
|Shares and Loan Stock
Bank Interest|General Fund|Extra-
ordinary
Repairs and
Rebuilding
Fund|Total
2025
Total
2024|
||£
15,925
2,996|£
-
-|£
£
15,925
19,693
2,996
2,248|
||18,921|-|18,921
21,941|
9
ALMSHOUSE AND AGED POOR'S CHARITY OF ALFRED ERNEST BRIGGS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 9TH JUNE 2025
## 5. CHARITABLE ACTIVITIES
|CHARITABLE ACTIVITIES||||
|---|---|---|---|
|Tenants Contributions|General Fund|Extra-
ordinary
Repairs and
Rebuilding
Fund|Total
2025
Total
2024|
||£
24,480|£
-|£
£
24,480
23,900|
||24,480|-|24,480
23,900|
## 6. CHARITABLE ACTIVITIES
|CHARITABLE ACTIVITIES|||||
|---|---|---|---|---|
|Gardening Expenditure
Electricity
Repairs and Maintenance
Insurance
Water & General Rates|General Fund|Extra-
ordinary
Repairs and
Rebuilding
Fund|Total
2025|Total
2024|
||£
915
1,624
3,342
3,005
4,060|£
-
-
-
-
-|£
915
1,624
3,342
3,005
4,060|£
95
1,593
3,058
3,280
5,150|
||12,946|-|12,946|13,176|
## 7. OTHER COSTS
|OTHER COSTS|||||
|---|---|---|---|---|
|Sundry Expenses
Accountancy
Legal and Secretarial
Investec Fees|General Fund|Extra-
ordinary
Repairs and
Rebuilding
Fund|Total
2025|Total
2024|
||£
460
1,285
1,164
5,898|£
-
-
-
-|£
460
1,285
1,164
5,898|£
472
1,393
1,029
3,898|
||8,807|-|8,807|6,792|
10
ALMSHOUSE AND AGED POOR'S CHARITY OF ALFRED ERNEST BRIGGS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 9TH JUNE 2025
## 8. TRUSTEES' REMUNERATION
Trustees received no remuneration but were reimbursed for their expenses in both years.
## 9. NET GAINS ON INVESTMENTS
|9.|NET GAINS ON INVESTMENTS|||||
|---|---|---|---|---|---|
|10.
11.|Net Gain / (Loss) on Sale of
Investments
Net Gain / (Loss) on Investments from
Change in Market Value
Capitalisation
NET INCOME/(EXPENDITURE) FOR|General Fund|Extra-
ordinary
Repairs and
Rebuilding
Fund|Total
2025|Total
2024|
|||£
1,761
14,687
-|£
-
-
-|£
1,761
14,687
-|£
5,151
17,209
-|
|||16,448|-|16,448|22,360|
|||THE YEAR||2025|2024|
||TANGIBLE FIXED ASSETS
Disposals
Accountant's Fee
This is stated after charging:
Cost or Valuation
:
At 10th June 2024
Additions
At 9th June 2025|||||
|||||£
1,285|£
1,393|
||||||Almshouses|
||||||£
1,607,502
639,000
(363)|
||||||2,246,139|
11
ALMSHOUSE AND AGED POOR'S CHARITY OF ALFRED ERNEST BRIGGS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 9TH JUNE 2025
## 11. TANGIBLE FIXED ASSETS (continued)
In accordance with the provisions of the Charity (Accounts and Reports) Regulations, the trustees have considered the value of the Almshouses and have valued them at £2,245,000 based on the latest insurance valuation. The Almshouses were revalued on 9th June 2025 at a value of £2,245,000. If they have not been revalued they would have been included at a historical cost of £45,188. The surpluses have been included in general reserves as part of a revaluation reserve.
## 12. INVESTMENTS
All the investments are quoted investments listed on a recognised stock exchange. All the investments are held primarily to provide an investment return for the charity.
|Capitalisation
Historical Cost at 9th June 2024
Disposals at Market Value
Market Value at 9th June 2025
Net Gain/ Loss on Investments from Change in Market Value
Market Value at 10th June 2024
Additions at Cost|2025|2024|
|---|---|---|
||£
542,922
131,092
( 121,092)
-
14,687|£
532,500
226,389
( 233,176)
-
17,209|
||567,609|542,922|
||520,003|513,824|
## 13. CREDITORS: Amounts Falling Due Within One Year
|CREDITORS
:Amounts Falling Due Within One Year|||
|---|---|---|
|Accruals and Deferred Income|2025|2024|
||£
2,250|£
1,850|
||2,250|1,850|
## 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS
|Tangible Fixed Assets
Investments
Current Assets
Current Liabilities
Net Assets at 9th June 2025|General
Funds|Restricted
Funds|Total
Funds|
|---|---|---|---|
||£
2,246,139
567,609
230,036
(2,250)|£
-
-
15,872
-|£
2,246,139
567,609
245,908
(2,250)|
||3,041,534|15,872|3,057,406|
12
## ALMSHOUSE AND AGED POOR'S CHARITY OF ALFRED ERNEST BRIGGS NOTES TO THE FINANCIAL STATEMENTS
## YEAR ENDED 9TH JUNE 2025
## 15. MOVEMENT IN FUNDS
|MOVEMENT IN FUNDS||||||
|---|---|---|---|---|---|
|Restricted Funds
Extraordinary Repairs & Rebuilding Fund
Total Restricted Funds
Unrestricted Funds
General Fund
Total Unrestricted
Funds
TOTAL FUNDS|Balance at
10th June
2024|Incoming
Resources|Outgoing
Resources|Gains and
Losses
£
-
-
16,448
16,448
16,448|Gain on
Revaluati
on of
Asset
Balance at
9th June
2025|
||£
15,872|£
-|£
-||£
-
15,872|
||15,872|-|-||-
15,872|
||2,364,801|43,401|(21,753)||638,637
3,041,534|
||2,380,673|43,401|(21,753)||638,637
3,057,406|
||2,380,673|43,401|(21,753)||638,637
3,057,406|
## Restrictions Imposed and Purpose of Restricted Funds
The restricted funds are held for the purpose of any large repair work to be undertaken for the Almshouse, Abb Scott Lane, Low Moor, Bradford.
## 16. TRUSTEES EXPENSES
A total of £522 (2024: £1,074) was reimbursed to trustees to cover travelling expenses, postage, telephone and photocopying costs in connection with the day to day running of the charity.
13