WINIFRED BAMFORD HESKETH ALMSHOUSES Re istered charit number . 241908 UNAUDITED ANNUAL REPORT 31 DECEMBER 2022 Aston. Hughes & Co Chartered Accountants COLWYN BAY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WINIFRED BAMFORD HESKEfH ALMSHOUSES I report to the trustee5 on rny examination of the account5 of WiniffÈd Bamford Hesketh A1rn5houses for thL yÈar ended 31 December 2022, which are set out on page$ 4 to S. Responsibilities and basis of report As the trustees of the Charity you aTe responsible for the preparation of the attounts in accordance with the requirements of the Charities Att 2011 I'the Act'l. You consider that an audit 15 llQt required for this year under Section 144121 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. I report in respect of my examination of the Charity's accounis carried out under section 145 of the 2011 Act and in carrying OLrt my ex3rnin3tion I have followe(l all the applicable Direction5 given by the Charity Commission under Section 14515llbl of the Act. The procetlures underraken do not provide all the evidence that would be iequired in an audit and consequently no opinion 15 given as to whether the accounts present a'true and fairiview, and the report 15 limited to those matters set out in the statemeni below. Independent examirter's statement I have cotnpleted my examination. I confirm that no material matters have come to my atientÉon in connection with the examination giving me cause to believe that in any tnaterial respect.. 111 accounting record5 were not kept in respect of the Charity as requtred by settiofi 130 of the Act., or 111 the accounts do Trot accord with those records I havÈ no concerns and have come across no other matters in cortnettion with the examination to which attention should be drawn in this rÈport in order to enable a proper understanding of the accounts to be reached. G Glenis Hickerton 85c, FCA Aston Hughe5 & Co Chartered Accountants Selby Towers 29 Prince5 Drive Colwyn Bay LL29 8BE 04July 2023 WINIFRED BAMFORD HESKEfH ALMSHOUSES 31 DECEMBER 2022 Registered Charity No: 241908 Trustees Mrs J E Parry MrG Jones MrADWOwen Lt Col D P Roberts Mrj Gjones Rev J E Nice Ichairperson - resigned 26101120231 Appointed Chairperson 26/01/2023 Principal Address: Winifred Bamford Hesketh Almshouses Links Court New Road Rhuddlan Denbi£hshire Bankers: Barclays Bank PIC Abergele Accountants: Aston Hughes & Co Selby Towers 29 Princes Drive Colwyn Bay Conwy LL29 8PE WINIFRED BAMFORD HESKETH ALMSHOUSES Ann￿al Re ort for the Year Endeil 31 December 2022 continued GOVERNING DOCUMENr Charity Name.. Winifred Bamtord HÈ5keth Alrnshouse5. sealed by a document dated 20th January 1995, appriwed and estab115hed a5 the SCHEME *oi the regulation of rhe Ch3fity. The Charity isan uniTrtorporated charity- Changes." TWO atnendments to the Governing documentwere subrnsEted to the Charity Comtni55ion, a5 proposed at a special meeting of the Trustees on 8 June 2018. which included revised wording toenable the Ex Officio Trustee to nominate a representative ro att in his/her place. and increased the nurnber of Co-opted Trustees to five. The Charity Commission confirmed thatthe Ihanges were acceptable, the Charity ComTri5510n5 records were updated, and the ch3nge5 reflected on the public register on 15 August 2018. STRUCTURE. GOVERNANCE AND MANAGEMENT The Charity 15 manage(I by the tnJstee5, the body of the Trustees consists of = Ex Officio. Shall be either the incumbent cleric for the time being of the present benefice of St Michael's Chvrth. AbergelÈ, Aled Mission Area or, in consultation wth the Ctropted TrustÈÈs. a representètivE notninaled by the incumbent cleric who shall be a member of the Church in Wales. The position is currendy held by Rev l E Nice. Ctropted Trustees, The C¢Fopted Trustees Bre persons who aTe members of the Church in W31es or the Church of England and re appointed for a term of five years_ A new repla￿ment Trustee Inay be c(H)pted bythe retnaining Trustees. The Charity is managed by the trusteesthrough quartedy meetings and. on a day to day ba515 by ihe T￿Ostsrer, a Secretsry and an on-51te Warden. who is provided with a dedicated bunylow_ PUBLIC BENEFIT The trustees confirm that they have referred to the gu¢dantr contained in the Charity CommissiDn'S general guidance on public benefit, and the Ch6rities A£t 2011, when revIe￿ne the charity's aims and objecbve5 and in planning the future activities. OBJECTIVES OFTHE CHARITY The objective of the Chariiy is to provide a1ffl5houses for KK>Dr of aged persons of good character and, kvhenever possible. are Èmbers of the Church of Wales or the Church of England_ AcfiviTIES ANDA(HIEVEMEMrs The Charity rnaintairTrs and in5ure5 the almshouses and applies the intorne forthe benefit of the residents of rhe almshouse5. The properties ha¥e been Subject to considerable repair and refurbishtnent durinE tho prior year. The Charity continues to be extreffleiy well supported by the on-siie Warden whose prime duty is tD rnaintain a discrete and caring overview of ihe residents, individu41 needs. while at the same timE fostering a Eenerèl Spirit of neighbourlygood will. The Warden a150 works closely with the Trustees and con5uIt5 thern on any matterthat5he herself cènnot resolve. INVESTMENTS AND FINANCIAI REVIEW InvestmÈnts hel(5 are shares and deFosits in the Nationèl AssiKiation of Alrnshouse5 Cornmon Investtnent Fund IP4AACIFI and ihe CCLA COIF Charities Deposit Fut)d. The reason for selecting these funds ère that they are safe and provide reasonable rates 01 interest. Value of the shares held in these lunés a$ at 31 De￿rnber v4as". M&G Charity Mutli Asset Accumulation Shares (Extraordinary Repair Fund) NAACIF Incorne Shares IRe5erve- Cyclical MaintEnance Fund) CCLA CIOF Charitie5 Deposit Fund £273,470 £10.845 f 10,226 RESERVES The G¢vemin8 Document require5the Tyustee5 to establish an emtraordinary re￿1[ fund and maintain this out of the Incoffle of the Charity by transfer of such sums, sufficient for the purpose of the fund, unless the Co￿[nIs510ner5 direct otherwise. The Charity aims to keep Its reserve5 at a level such that known repair requirernents and other expected costs rn2y be covered_ At the year end Ihe Charity had cash reserve5 of £19.34012021 £24,1011 the remainder of the reserves are held as InvestrDEDts a5 described page 2. GRAMf MAKING POUCY Individuals to benefit from the Charity are generally selected from applitation5 submirred in response to local advert15ement5 notifying Bvailable vacancies. Usually thEse are members of the Church in Wales orthe Church of En8lènLI and are ge¥ierally aged 8nd poorer members of Society. RELATED PARTYTRANSACtION An honorariytn of £1.68912021 EI.6361 was paid to Mrs D Roberts, wfeof Ltcol D P Roberts ITfu5tee & Treasurer) Approved by the Trustees and Signed on their behalf by: Rev J E NI￿ IChairper50nl WINIFRED BAMFORD HESKETH ALMS HOUSES CHARITY NO 241908 INCOME AND EXPENDITURE Accoumr 31 DECEMBER 2022 Unrthided Funds 2022 2022 UnrestrittÉd Funds 20ZI 2021 INCOME Maintenance contributions NAACIF dividendg Sale of Eveni Wine Grant Sale of M & G shares TV Money 25.863 430 22 2SO 5,000 30 26,566 405 Barclay5 C O l F Dep051t fund National Savings Bank 99 31.694 32,002 EXPENDThURE Wardens Honorarium Clerks Honorarium Wardens Stand In Duty Wardens Countil Tax Warden5 Telephone Travel cost5 A H A substription Careline Post & Stationery Water rate5 Insurance Information technology Telephone Repairs, m8intenance. garden expenses and sundries HsTe of meeting roorns Event5 T V Licences and repairs Accountancy Sundry (gifts & donationsl 6.810 1,689 6,556 1,636 662 1,357 360 13 222 2,402 122 1,526 1.039 281 io 1,407 360 55 233 2,402 187 1,565 1.426 223 io 17.254 14,877 45 670 30 2.400 279 ios 70 30 37,654 31,268 IDeficitl/Exce55 receipts over payments 15.9601 734 Accurnvlated fund bought forward Cosi OF M&G share5 sold 38.711 38,026 Accumtslated fund carried forward 32.699 38,711 Represented by". A H A Funds". Accumulatio Ivalue 31 December 2022 £273.470.03 and 31 December 2021 £276.690.201 Ivalue 310ec*mber 2022 £10.845.35 and 31 De￿rnber 2021 £11.194.131 Barclays Bank.. BusinÈ55 Pretnium account Current8ccount C O l F Deptrsit account National Savings Bank Creditois ond accruals 2.591 2,642 Intome 12.281 12.281 1,027 9.962 10.127 2,985 13131 9.115 10.226 11.5131 32.699 38.711 WINIFRED BAMFORD HESKETH ALMSHOUSES CHARITY NO: 241908 SCHEDULE OF ASSETS For the Year Ended 31 December 2022 2022 20ZI Assgfs Fixed Assets= 11 Almshouses 676.000 676,000 Invesimenl Assets: M&G The National Association of Almshouses Common Investment Fund INAACIFI (Extra Ordinary Repair Fund) NAACIF Accuwnulation Shares'.- CIFwd 2642.607 Share5 @ £104.7035 Disposal of 51.23 Share5 276.690 249,038 1491 248,989 27.701 276,690 276,639 13,1691 273.470 Increase/lOecrea5el in Market Value C/Fwd 2591.37 Shares @ £102.7552 Income Sh3res:. C/Fwd 12281 ShaTe5 @ £0.9115 Incr@ase/lDecrea5el ir) Market Value CIFwd 12281 Shales @ £0.8831 11,194 13491 10.845 10,269 925 11,194 Cash Funds.. Barclays Bank Saver Barclays Bank COIF deposit account National Saving5 Bank 1,027 9,962 10,127 2,985 24,101 I (General expenses and routine maintenance fund) (Extraordinary repair fundl 9,115 10,226 19,340 Creditors.. Creditors and accruals (a￿￿untancvj 1,2 1,200 Approved by the Board and Signed on it5 behalf bv- Revj E Nice Ichairpersonl