Winifred Bamford Hesketh Almshouses (Registered Number: 241908) Unaudited ADDual Report For the Year Ended 31 December 2023
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF IWANIFRED BAMFORD HESKEfH ALMSHOUSES I report io the trustees on my examiTratlon of the attounts of Winrfred Bamford Hesketh Almshouses forthe year ended 31 December 2023, which are Set out on pages 4 to 5. ResponbIlItIeS and bas15 of report As the trustees of the thartty you are reswisible for the preparation of the accounts in actordance with the requ5mentS of the Charities Act 20111.the Act'l. You consider that an audil is not required for this year under sectlon 144121 of the Charities Att 2011 (the 2011 Actl and that an indeDendent examination is needed. I report in respect of my examination of the Charity's accounis carriÈd out under sectlon 145 of the 2011 Act and in carry5n8 Out my exarninatSon I have followed all the applicable Directions 8iven by the Charity Commission under section 14515llbl of the Aci. The prLKedures underraken do not provide all the evidence that would be requlred in an audit and consequently no opinion Is 8lven as to whether the accounts present a Irue and fair view, and the report is Ilmited to those matters set out In the statement below. Independent emIner'S statement I have completed my examlnatlon. I confirm that no material mattefs tome to My attentlon In connectlon wlth the examSnatlon 8iving me cause to believe that in any material respect.. 111 accountln8 record5 were not kept In respert of the Charity as requlred by sectlon 130 of the Act,. or 111 the occounts do not acciyd wjth those record5 I have no concerns and have ¢ome acros5 no other marters In connection with the exarnination to which attentlon should be drawn in thi5 report in orderto enable a proptr undtr5tandln8 of the accounts io be reached. G Glenls Hickerton Bsc, FCA Asion Hughes & Co Chanered Accountants Selby Towers 29 Princes Drive Colwyn Bay LL29 8BE 08 Au8USt 2024
WINIFRED BAMFORD HESKEfH ALMSHOUSES 31 DECEMBER 2023 Registered Charfty No: 241908 Tiustees Mrs J E Parry Mr G Jones MrADWOwen Lt Col D P Roberts MrJGJones Dr M Baker Mrs T Brennan Rev l E Nice (Chairperson- reslgned 26101120231 Resigned 311812023 Apointed temporary Chalrperson 711112023 Appointed 71712023 Appointed 111012023 Appointed Chairperson 2610112023 ReSned 711112023 PrSnclpal Address: wInrfd Bamford Hesketh Almshouses clo No.10 Bamford Hesketh Almshouses Groes Lwyd Aber8ele Conv#v LL22 7ST Bankers: Barclays Bank PIC Aber8ele Acciwntants: Aston Hughes & Co Selby Towers 29 Princes Drive Colwyn Bay Conwy LL29 8PE
WINIFRED 8AMFORD HESKEfH ALMSHOU Annual R eyear En contlnued GOVERNING DOCUMEpir Chadty Name.. Winrfred 8amlord Hesknh M$hoUSe5. led drnent dated 20thJanu•ry 1995, approved and established as the schemeforthe re£ulation of the Charity. The (haroty Is an uninccffporated charlty. Change5.' Two amendments toihe GovernIn8drnentre Submitted to thE Charity Commi55ion, as proposed at a special meèting of the Trustees on 8 June 2018, 1¢h IlUed revised wording toenable the Exofficio Trustee to nominate • representative to act ITh hislher place. and irueased the number of Cwpted Trustees to fNe. The Charity Commission confirmed that the changes were acteptable. 1CharIty Commissi¢Mts rt¢ord5ve updated, and thethon8e5 reflected on the public re8iSter on 15 August 2018. STRLICTURE. fjOVERt4ANCE AND MANAGEMENr The Charlty Is m•n•Aed bythetrustees. the body of TIustee$ con51stsol: • Ex ¢)fflclo. Shall be elther the IrKumbertt der1¢ forthewrne belng of the West bentflce of St Mlchael's Church, Aber8el•. Aled Mlssion Area or, In consultaiion the Cwpted Trustees, a representative nornlnated by the Incurnbent clerfc who shall be a member of the Church In Wales. The positlon is not cvrrentty held by anyme. • Cfropted Trustees, The Cfropted Trnstees Ire pers5 who are rnembers of the Churth In Wales orthe Churth of Én8l•nd •fid re appolnted f¢x • term of Il¥eyears. A new reI¢¢Ment Trustee may be cwpted bythe remalnlngTru5tees. The Charfty Is managed by the trustees throv8h quarterty meetlTr8s a. on • d•yto dty $1$ by the Treasurer, a Secretary •nd •n on-slte W•rden. who Is provlded wtth a dedlcated bunRalow. PU8UC BENEFIT The trustees conflrrn that they h•ve relerred to the guld0r coThtalned in the Charitycommlsslon's ¥eneral guldance on publlc beneflt, •nd the Charltjes Att 2011. when reviewn8 the tharity's alms and ¢bje¢twes•nd In plannln6 the futrjre actlvltles. OBJECTIVES OFTHE CHARITY The oblectlve olihe Ch•rfty15 to prrr41de alm$hSe$lty poty or •ged perscns of tharatterand. whenever possibl•, •re mèmbers ofthe Chur¢h ofW•lesorthe Church ol EnOrtd. ACTivmES AND AcMievEMENTS The Charlty malnt•lns and Insures th? almshtyjses ènd appllesthe IrKfjme for the bertht of the resldents ol ihe almshouses. Th• propertles have been subject tOUJnsiderable rylr and refurbishmertt durIthe prloryear. The Charlty contlnues to be extremety 11 5UPPOrted by the cfi-stie Warden whose prtrne duty15to malntaln a dlscrete and carfng OveieW of the redents. Individual fieeds. while at the 5arne tlrne fosterift8 a general spirit of nei8hbourly Bood wlll. The Warden alsorkS closely &th the Trusteesand conwttsthtm on any matterthaishe hersewcannot resdw. INVEsfMEpifs ANCI FINANaAL REVIEW Investrnents held are shaTts and deposits in the Naiional Assodatson of Almshouses Common Investment Fund INAACIFI and the CCLA COIF Charities Depos Fund. The rtason for selectin&these fvnds are that they are safe and prIde reasonable r•te5 of interest. Value of the shares held in these fvnd5 a5 at 31 Decemberwa5.' . M&G Charlty Mutll AsSetknuMu10n Shares IExiraordlnary Reir FU1) • NAACIF Income Share5 IRe5eNe- Cyclfjcal Malntenante Fundl • CCLA CIOF ChaTltie5 Deposit Fund £277.879 11.031 £10.674
RESERVES The GoveminB Document requIre5theTrStees to estsblish an extraordlnary paIrfUnd and malntaln thi5 Outof the Income of the CharSty bytTaTr5fer of such sums. sufficient forthe Purp( olthe fund, unkssthecommissloners dirt heIlse. The Charity aim5 to keep its reserve5 at a level such that kryjwn repair requirernents and other expected costs may be thvered. Atthe year end the Charfty had cash reserves of E19.24812022 .. £19.3401 the remaiThJec of thÈ reserves are held as Investments as described on page 2. Gwif MAKING POUCY Indlvlduals to benefft frcffi the Charity are generally selerted frorn appllcations submitted in response to l¢x•l advertisements notifyingavailable vacancies. Usualty these are membersol the Churth In Wales orthÈ Churth of En8land and a generally aged and poorer member5 of society. RELITED PARTY TRAfrISAcnoN Atotal of £2,04812022 £1,689) wa5 paid in respert of trh)norarium to Mrs D RobErts IEI,3481. lfe of Lt Col D P Roberts (Trustee & Treasurer) #nd MrsT Wlnsrone1£7QJl. Approved Trustees •nd $18ned ¢M theSr behaWby'. MrJohnJone5 1Temw•ryChalrpersonl
WINI FC¥ID HESKEt INCOME AND pENDITlIE ACCOUNT 31 OECEMBER Uhre51rKted Funds Unrestrlcted Funds 2022 INCOME Malntenance conbUt6)n$ CIF dividends Sale of Event Wine Grant TV Money Sale of M & G Shares Increase In value of bonds C O l F Deposlt lund interest recel¥ed 26.419 467 4>) 22 250 iico) 16,594 L431 55.928 33,125 EXpENTURE Wardens Honorarlum Clerks Honorarlum Wardens Stand In Duty Wardens Councll Tax WardensTeleph¢)ne Tra¥el costs A H A subscrlptlon arellne Post & ststlonery Water rates Insurance Electrlclty & Gas Inforniatkn technol Telephone Repalrs, malnteMTh¢e. 84rden expefists and sundries Hlre of meetin8 room5 Events Ban ¢harBes TV Llcen¢es and rtpalrs Accountsncy Sundry (81fts & dofiatlonsl 7.251 6AIO 1.689 467 1527 420 1.407 55 233 2A02 187 1,565 1026 74 L596 I,X$3 672 io 223 20,442 17.254 75 45 670 13 1,2 279 192 13.3291 Value of M&G share550hJ IMtltVEx¢ess reCeIptser payments 450J 18,3291 Accurnul•tel fund br4J8ht forward
)1656 311.985 Atum¥l•t•d fvnd arrled fonnrd 303,656 RePsented by.. N A H A Funds.. Accumuhtion Units 277379 273,470 IrKorne Unlts IIX131 10,845 8ardays Bank cyrntAt¢0vn1 C O l F Deposit account 8575 10.674 9.115 10,226 303,656
WINIFRED BAMFORD HESKEfH ALMSH (ARITy NO.. 241 ATEMEMT 31 DECEMBER2 UA8ILrnES Flxd Ass¢i5: 11 Almshouses 676.tXY) 676,1XJJ M&G.. The Natlonal Assocl•fjofi of M55e$Comm Invesbnent Fur¥J IPIAAOFI (Extri Ordinary RepaSr Fund) Unlls 2.591.374 Unl 2.642.fA)4 151.2301 BIFwd 2,591.3775h•res @ £102.75S2 Disposal of 51.230 Sh•5 @ 97.5991 015P0531 of 64.240 Shares @ 108.%58 Oisposal of 47.1 Shares @ 104.38 273,470 276.690 15,CbJl 164.2401 47.9)1 17,(ts)I 15,m) 261,470 16,4(8 277,879 27L690 1.780 273.470 Inerease In Marketvaltsè CIFwd 2.479.233 Shares @ Ell2.16 1479.233 591.3?4 81Fwd 12,281 Shares @ £0.8831 Increaselloecreasel It) Market Valut CIFwd 12,281 Shales @ £0.8982 12,281 10.845 12.281 11,194 349 10,845 12.281 11,031 Cash Fur.' Barclay$ Bank C¢JF deposlt •¢count }(Gera1 expenses and } rout4ne malntenarKe fvndl 8.575 10.674 19.249 9,115 10,226 Prepaid rent Accruèls l•c¢ountsncyl 313 1.2Tr) 1,513 Appr by the 8o•rd and 8ft¢d on Its behaKby. MrJohnJon mporarychairperyxjnl