WINIFRED BAMFORD HESKETH ALMSHOUSES Istered chari number: 241908 UNAUDITED ANNUAL REPORT 31 DECEMBER 2021 Aston, Hughes & Co Chartered Accountants COLWYN BAY INDEpENDEP￿ EXAMINER'S REPORT TO THE TRUSTEES OF VJINIFRED BAMFORD HESKETh ALMSHOUSES I report to the trustees on rny examination of the aceouThts ol Winlfred Bamford Hesketh Almshouse5 for the year ended 31 December 2021. which are set on pa8es 4 to 5. Respon51bllitles and basls of report As the trustees of the Charttyifju are reSF￿nSIble for the p￿paratiOn of the accounts in attordance with the requlrements of the Charities A¢t 20111.the Act'l. You considef that ao audit is not required for this year under seCt￿rt IW21 of the Charities Act 2011 Ithe 2011 Actl and th* an independènt examination Is needed. I report in respect of my examination of the Chority's accounts carried our under section 145 of the 2011 Act and in carryin8 Out my examination I have lollowed all the appllcable Directions given by the Charity Commission under section 14515llbl of the Act. The procedures undertaken do provlde all the evldence that woul¢J be required in an audit and consequently no opinion is given as io whether the accounts prestnt a Irue and fair ￿tw, and the report is lirnited to those matters set out In the statement below. Independent examlnerfs statement I have complded my examination. I confim th•t M material matters have come to my attention in connectlon wlth thè examlnation glvlTh8 me cause to believe that In any maierial re5pert'. 111 accountin8 records were not kept in r*spe£t of the Charity as requtred by sertion 130 of the Act., or 111 the accounts do not accord with those records I have no concerns and have come acros$ no other matters in connertion with the examinatlon to whlch attentlon should be drawn in thls report in Order to enable a proper understandSn8 of the actounts to be reached, G Gleni5 Hickerton BS¢ FCA Aston Hughes & Co Chartered Accguntants Selby Towers 29 Princes Dr￿e Colwyn B8v LL29 8BE 20 September 2022 WINIFRED BAMFORD HESKEfH ALMSHOUSES Annual Re rt for the Year Ended 31 December 2021 Registered Charity No: 241908 Trustees Mrsj E Parry Mr G Jones MrADWOwen Mrs J M Williams Lt Col D P Roberts MrJGJones Rev J E Nice (Chairperson) Resigned 20 January 2021 Appointed 01 February 2021 Appolnted 10 March 2021 Prlnclpal Address: Winrfred Bamford Hesketh Almshouses Links Court New Road Rhuddlan Denbighshire Banker5: Barclays Bank PIC Abergele Accountants: Aston Hughes & Co Selby Towers 29 Princes Drive Colwyn Bay Conwy LL29 8PE v￿￿lFRED BAM RD HESKEfii ALMS￿v5£s Annual R for theyear Ended 31 Detemb¥ 2021 nued fjOVERNING DOCUMEP4T Charity NamÈ'. Winifred Barnford HeskethAlmshouses. Sealed by a documÈnt dated 2Othjanu￿ 1995. approved and established as the SCHEME forthe regulation of the (tharfty. thadtyls an UnIr￿￿#ted charity. Changes.. Two amendmentsto the GovemiftB do(MrneTht￿re 5ubmftied tothe Charfty Commission, as Proposed at a speclal meetingof the Trustees on 8June 2018. thich )￿luded rwsed wordlrvdto enable the Exofficio Trusiee to rthiinate representatwe to oct in h¢sfher place. and increased thè number of Ctropted Trustees to five. The CharSty comffli5￿On confirmed that the changes were actsptable, the th4rity c0rnrni551ry￿ record5were uF4Jated, and the th8n8es reflerted on the public re8lster on IS August 2018. STRiicfuR4 GOVERNANCE AND MAfiAGEMENr The Ch•rlty is rnonoged by the tru5tee5, the body 0ftheTrV￿ees onsists of.. Ex Offido. Shall be elther ihe Sncumbent derlelorthe Ilme belng olthe present benefice of St Mirhoel'5 Church, Aberyele, Aled MlssSon Area or, In consultation with the C¢M•pted Trustees. a representadve nomlnatld by the incumbent clerlc who sholl be a member of the Church in Wales. The p051tion Is cuirentty¥acant. Ctropted Trustees. The Cfropted TTUStee5 are persons vkno are members of the Churrh in W•le5 or the Church of Enlènd •nd are appolnted lor a term of flve ye•rs. A new replacement Trvstee may be ttropted by the remainlnKTruste¢s. The Charity is man•4ed bythe tnjsteesihrouth qu*rt•rfy rneeting5 and, on a dayto day basls by th• Treasurer, a Secretaryand •rt on-slte Ward¢n. v4ho Is provlded wlth • dediuted bungalow. PUBUC BENEFIT The trustees conflrrn th￿ they h•vt referred to the widaKe contslned In the Ch•rityCornmlsslon's 8eneral 8uldance on publlc benefit, and the Ch•rrtlesAct 201L re¥lt•An8the ¢h•rtty's •im5 and oblectlves and In plannlngthe future attfvltles. OWECTIVES OFTHÉ CHARrrY Th• ¢blertlve of the Charlty Is to provlde alrnshouses for pooror a8ed persons of8o)d fh•r•¢ter•nd, whenever ptssslble, ire mernbers of the Church of Wèles ¢rth• Churth of En8land. A￿l¥￿E$AND ACHIEVEMENTS The Charity rnaintsins and insures the.alm5houses and applles ￿ Inetsne forthe benefii of the ￿sIdents ofthe 4lm5hovses. The properties have been subject to cem*derable fepalr and relurblshmentduring the prforyear. The Ch3rlty contlnues to be extremd¥kn*ll supported by the ¢y￿￿le Wardenw￿JSe prfme duty is to maintaSn g discrete and carin8 overvlewof the residents. individu•l roeds, whlle at the same ￿me fosterln8 • genefal spTrrlt of nel8hboudy 8ood wlll. The Warden a150works closely the Trnstees ènd consults thern on any matter that she herself Cannot re501¥e. INVEsfMENtS AND FINANaALREVIEW Investments held are shares and deposits in the NotionalA550dathM ofAlmshgu5e5 Cofflr￿rb Investment Fund INAACIFI and the CCLA COIF Charities Deposlt Fund. The rea50n for5elethngthesefundsa that they are safe ènd providÈ rÈasonable Trtes of interest. Valueof the shares h￿Id in these fvnds asat 31 December w45.. . M&G Charity Mutli A55et Accurnulation Shares IExtraordinary Repair FurMII . NAAaF Incorne Shares (Reserve- Cyclical Mairytenar*E Fundl . (CLAC￿lF Chatrties Deposit Furby £276.&￿) £11.194 £10.127 Additionally. rninirnal fvnd5 are held in The National Savin8s Bank and a Barclay5 Bank ￿$1￿$5 5avin8AcctyJnt. RESERVES The Govemin8 Document ￿Qui{e$ the Tmsteesto establish •i extrnNdlnaryiEpairfvr￿ and maintain this out of the income of the Charity by transfer of such sums, sufficientforthe purpose of the fund. unless the Commls51orer5 dlrect othern￿$t. The ChaTty aims to keep its re5erve5at a level such that known repair requirements and otherex￿cled cosrs may be covered. At the yearend the Chartty had rath reservesof £24,10112020.. £23.0531 r¢m4inder of the reswvesare as investmentsas described on pa8È 2. GRANT MAKING POUCY Individuals to benefitfroffl the Charity are 8enerally seleLttd from application5 submiiied in response to local advertisements notifying available vacarKie& Usuallythese are members oltheThurch in Walts or the Church of En8land and are 8entrallyaBed and Fwrer members of wety. Approved by theTrusteesaThJ Si￿ed on thÈir behjff by.. Mrs J E P•ry ICh•lrpersonl WINIFRED BAMFORD HESKETH ALMS HOUSES CHARITY NO 241 INCOME AND EXPENDITURE OUNT YeAR ENDED 31 OECEMBER 2021 Unrestrlrted Fund5 2021 2021 Unrestrlrttd Funds 2020 2020 INCOME Maintenance contributions NAACIF di¥ridends Sale ol M & G Shares TV Money Interest.. Barclay5 C O l F Deposlt fund National Savings Bank 26,566 405 26,344 430 30 35 27 21 32,002 26,858 EXPENDITURE Wardens Honorarium Clerks Honorarlum Wardens Stand In Duty Wardens Councll Tax Wardens Telephone Travel cost5 A H A subscription Cartline Post & Stationery Water rates Insurance Informatlon technolo Telephonè Repalrs, m8lntenance, 8arden ￿penSeS and sundr5es Hlre of meet1#8 rooms Event5 T V Ucences and repairs 6.556 1,636 662 1,357 360 13 222 2,402 122 1,526 1,039 281 io 6.423 1,611 419 1.345 134 426 2,402 161 1,539 I,oio 155 494 14,877 10,699 105 70 30 38 31,268 26,936 IDeficltllExcess reteipts over payTnents 734 1781 Accutnulated fund foTh¥ard Cost ol M&G shares 501d 38,026 1491 3B.711 38,104 Accumulated fund carrièd fonvard 38.026 Represented by.. N A H A Funds.. Accumulatlon Ivalue 31 December 2021 £276.690.20 and 31 Decernber 2020 £249,037.65) Ivalue 31 December 2021 £11.194.13 and 31 Decernbef 2020 £10,269.37) Barclays Bank.. Business Premium account Current account C O l F Dep051t accouni National Savings Bank Creditors and accruals 2.642 2,692 Income 12.281 12,281 1,027 9.962 10,127 2.985 13131 1,026 8.916 10,126 2,985 38.711 38,026 WINIFRED BAMFORD HESKEFH ALMSHOUSES CHA￿Ty NO: 241908 SCHEDULE OF ASSETS Forthe Year Ended 31 DKernber 2021 2021 2020 ASSETS Flxed Assets: 11 Almshouses (per Insurance valuation) 676,( 676,000 Investment Assets: M&G The Natlonal Ass¢Xiation of Almshouses Common Investment Fund INAACIFI IExtra Ordinary Repalr Fund) NAACIF Accumulation Shares:_ BIFwd 2691.842 Shares @ £92.5157 Dlsposal of 49.235 Shares 249.038 1491 248,989 27,701 276,690 257,223 257,223 18,1851 249,038 Increase/lDecreasel In Market Value CIFwd 2642.607 Shares @ £104.7035 Income Shares:. B/Fwd 12281 Shares @ £0.8362 Increase/lDecreasel in Market Value CIFwd 12281 Shares @ £0.9115 10,269 925 11,194 10,099 170 10,269 Cash Funds: Barclays Bank Saver Bartlays Bank COIF deposit account Natlonal Savings Bank 1,027 9,962 10,127 2,985 24,101 1,026 8,916 10,126 2,985 23,053 I (General expenses and } routine maintenance fund) (Extraordinary repair fund) Approved by the Board an(J signed on its behalf by.. Mr5 J E Parry (Chairperson)