ALMSHOUSE CHARITY OF SIR WILLIAM POWELL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 R8g*ed Charlty Nurn￿.. 247C66 R￿lStered Prnbjar Number. A1137 Cont•nts L•aal and Admlnistrativ8 Det Trustees, Annual R8port Indop8nd8nl Examinor's ReF*Jt ststamonl of Finanaal Actfvi 10 11 ststgmenl of Financ481 12 Not¥¥ to ￿ FIn0￿1￿1 Swonwts 13-20 ALMSHOUSE CHARrrY OF SIR WLUAM POWELL LEGAL AND ADMINISTRATIVE DEfAILS FOR THE YEAR ENDED 31 MARCH 2023 haInm￿. Rev.Ponry SeabrcM)k Dewty ChalM￿l. Nast8r4mlth JP I￿n￿l P4121221 Fkm Twsur8r.' Philp H*$ other Trust60s'. Sfva StrMwJns Irewgn•J 2W91221 C¥c4in8 Needham Irw￿1 2￿￿22) fAr shar￿ Hdder Clk Rosenb8rg Ir•slW 2310W) Judth Gr81wn ra I￿¢*Jan￿ Chrtstina TlvThs 18AW221 Pat4 Hatt Catherin8 cl￿ Thmas Iwwinted 1911￿22> Robert Ros• lappolntsd 191101221 Clk Lucy R￿h0￿￿on (ap￿nts￿ 221091221 PaLd Al8x&nd8r18PkKJint•d 23ffj￿ 181041rJ} R•v.Pts K•lOo I￿￿nI•d 02102r23) Clèrk lo the Trwtegs: Rsglstw¢d off4c¢.' 313421 Fdh8m P*eè R¢)gd FL￿harn SW6 6Th 8#nk•rn'. N&tw•￿ Bank 45 F￿hoM Brokny LLYth SW8 1AG Sdldtorn: 11 Hap•Kol Ro&1 LI)nd￿ SW6 4QP Ind*pond¢nt Ex•mlnw. ond Struthgrs c￿ £xpr8ss l Gaorge L•KJh Slr••t an(*osi Inve8trnonl adV￿C￿. Wavwlon Invoslmont M•nag8m8rt 16 Bw8bma8s Slrest Sl J•w'$ SWIY &4H Regster￿j Charity Number. L2 247066 RwJgt•r•Y PmvhJ8r NuM￿r A1137 ALMSHOUSE CHARrrY OF SIR WILUAM POV￿LL TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2023 The Trustee5 preswtth* rewt oThJ •ox4nts y••r •thJ 31 2023. Constittrtlon. obJ•¢ls and polkl•B The Charity 15 C¢￿811bJl8d ty Tnsst D￿. The AlrnshJu8e Chty of Str Wllarn PLF*Jd w85 four￿d for okJ8f ￿￿rn8n ovar 60 of the Parish of F￿harn who V￿re poor and of'g&yJ c*aracW. Th13 Sche￿ was amended on Crtob8r 2008 to alow TrLkSt•8s to *eopt from pers(￿S in need o¥*r SS yews of ag8 r•*d8nt wilhin tho London Borough of Hwnmersmilh $￿1 Fthm or In spxla eaatt •wov•d ty Iha tru8to0 Th& Trusl pYowd¢8 a￿1 man•)￿ 12 ftats 81 Churt* G8t• Fuham And 1$ as$istfjd in this t88k by The Lygon wtho ￿￿Ortak0 admlrithcn Thw30rnont and Maintena￿ fvnd¢)ns for the Th8 Govomiw Dctwnenl oftho fvlm8hou60 Charty is ts *Iwo' or Tnmt Deed. the last grn•ThJod Y￿￿on ofwhith was Ihg Ch•rili•s Ccffjmissic•)•r in Cktob•r X(Q. Actl¥ltlM •nd •chthm•nl• The dMshc4j￿ offj man8g•J try tro twmBola Man￿aman1•gW¢rnnl d9kn 22 March 2013 Clwk p4ptyir¥J h8rtime exduwely to mBnaging the dwrtty's 81mBhouses. The Lygon Manag￿￿nt féè charg8d lor the year was £16,309 {2022'. £16.1￿>. The Trust￿8 gr8 mogl grateful Lygon'• manty•m•nl iryul and 8UPPrt In 2022123 the Charlty hKrty8gad W88kty MaIntonan￿ Charge8 ty 3% to tsXP￿d Infi8don 8tyJ StAi8 pansion h)ern￿. WMC rise wag18g8 Ihan Ihe 4.1% le￿mMe￿Ie￿ in¢xease by th8 Almshouse Association. Sorvlco charg0$ irt1oawJ by £2 to £14 pw w••k durirvJ th• yèar. 8ivJg•t•d costs w•r• containod where pts$$1￿* to fix•d pric• •n•nJy c(ffilr￿t •xwTrJ in 20rJ. SI￿4C* chargas w•rn incr•os•d agaln In Jtty 2023 to £18 por week f(￿rrfd • lurth•r ¢c4ts •bJ hfflation. Other routlno matt8fS w•r• as lolo*s'. A fum rf8k assessm&￿ on vAter hyde￿ wa8 a more cunprehenslve ontr8et with Water M8n8g•m8nt. Cydiral redecorathon was canlod Lmrt L*13 Ilats wrfh stslr4¥dl carpet kn crn)munal 8re8. Insuranc• mbuilding vduats(Ni of G* w•$ r¢su￿'r*d in #n incre880 in tho insuranc• premlurn Rouuna repalrtArrfks 6eryKlng of gaB bollprs wè Thg fir& alarms firè equip￿t and •rrffj•w IwdhlirKJ are lestod rtyLAaFty •xh ￿r by contrnctcrt in all flats and cornmun81 areas. A flrg safvty swsy WAS ISSU￿ kn AwJust 2018. A•m upgrndo Wal ccrtntyeted in May 2019. Th• threww cyclKa E￿R de(*7￿ 8wvey wa¥ c￿1¢0 wt kn al fjats InJuly 20rJ and ￿rtt￿. ALMSHOUSE CHARITY OF SIR ￿LuA￿ POWELL TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2023 Aetl¥hkn •nd •¢hlgv•mgnts (Mnllnwdl Th& Charity ovms the fre8fv)k10l Hurfingtsm Mansths subj'ect lo k)rva knes on 23 fflats an(J ￿mMercial propety. The Charity ccft)tiThJes to receive gr￿ rent in r85PèCt vt Ihis property. Trre were no lease 9xten&rX￿ 8ohJ durirg the year. ￿ Trustees met wih Iho ManagiNJ Agant for prwety during the year to re¥1￿ the slatvs. Reeovery of ￿tstaN11n9 SeThI￿ 8nd hx8es due to breaches ol 8 ￿ase are being pur8ued one leasehcth. The Trust C)eed authorfses Ihe Trustees to Invest cash for Ihe knm•Jiat8 wnrklrg pu￿0$98 of th8 Ch￿1 aThJ Wavarton Mwoam•nt 18 aprrtrfn￿ to manag8 the porttdio. The TnBtees have a Iwnited appeb'te for risk and have inslnxbj Ihe investment manB98r th8t Ihe inve5tm8nl mand8t& should b* ¢8ubCWS. with thtr kntrtomi Obl￿￿¥9t0 rAJlFWf￿rn thg Ccrnm8r Price Inflatson by 2.5% per8nnum. To achi6ve this the ￿rtIcl10 is invested in ihe Waverton MU￿.￿8$•t Inec*M Futhy with ineomo relnvested. Cash 18 held In the p￿01￿) avallat40 to mggt 1Skdy quinquonnl$l Survey works expenditurg for•s￿n wthin the next yè•r. ¢knnl8atlon and admlnl•trath• Inlom￿OTr Th8 Charity is ¢xgaThs8d und8r ￿ dor*d￿ d tho TN8t•ts wth th& day-to4ay ￿mInIStr*I￿)N. M￿09•mOnt nd maintsn8rK8 d81oB8kna lo the Clewk cl tho TTh*te88. Katte W￿16 empbyed by The LygDn ￿m$t￿￿$e9. Th8 T￿￿tap￿￿31nts property agwrtAdaThl & Lernamto Man￿ Its frethk1 InvaStM￿ prop8rtyl8t on lèaM8 administrotiw inlcrfm￿￿ ffi pow ftym6 w ol roptyL Fln•Thclal r•¥l•w Income frcm chantsble 8clMtios. princApaty th8pJe3 lo re8wJents. amunled to £83,18412022'. £73,496). A on04n0nth¥￿dlo8saI{rteff*E62oIor a vacv*llatf8luth8hM￿I wa• 1n￿nd(2022". £5,7051. Ino)rn•from Inv¢$lrn¢nts w•$ £29,67812022.. £29,305I Expon*YWr• ￿ ¢hawlt*g waB £69.￿1 12022.. £93,$001 rethced due ts nofvrtyJtlr* repalrthDfk8 COBts InI￿rTed In the pre￿C￿ year. N8texpeThJhure forthe yearwa8 £17,55512022'. nat wKom8 £35.8841, thè ￿"ng du& to thè v8luation 1088 w0y1s￿)n £54.n712022'. oaln £29,649) on the Inve8trnenl due to mthet ￿Ctua￿C￿. Cash at bank ot yeof end incr8os•d to £80.787 12022.. £62.9791 with ¢88h held 81 W￿ertOn Inve3tmenl m8n8gerE154.37512022' £132.2401. Cash Is hold In fvgorvo for t￿Ik11r￿j maInt￿one0 In the Ilght of vdatlle stock Ma￿•￿ and oulnquennial and stone rnstornlitin works b81ry F4anned. Th& W¥vgrtw pJrtt410 cg)n1knugd to perform bettgr Ihan gThJ b8lBnced tndex benchmarts durfng Iho year to 31# Manh 2023. There Th) fvnd irnnsacti(#)s InstnJcknJ by tho charfty durlng the ytrar. The Chanty Is tyJdg8l&J lo achi•￿ a £13.IM SUlF4u8 of InLYry ¢xwdth In 202Y24 8fter alltrwing Increasad •nwgy costs on a r8n8wed fix•d pie8d eonlracL Rl*k• Th• Tftotw hgv• ffjsFmib*ty fty •wriro th81 IhB appropriale sy3terns of controb, flnanck81 arml otherwBe. The $ystgnB Offinanc￿l controls at Ihe Ch8nty a￿ Oesigned to pThiOe reasonoble, Ixrt notabsolute. assurarKe agalnst materiaj MIsstat￿nI cff loss. Try Includ• an Annual budgel, approvèd by the Trustees, regular re¥fftw of &1u81 rnsutts and vari8nc88 from b￿&t. and debgatlon of authority and BegregaThon ol dutl8s as far as possibl8. The Trust has FinarKaa StandlNJ Ordor$ and ¢ontrd$ •nd • Flsk m8p both T￿eWed annualy by TnLqtees. ￿ ￿8￿ty ￿le￿d cm 8 December 2022. Thls risk map covets dl affjas ol risk rnan8gament, Viz. rnSKJtints, pID￿rtY. salety and finandal &¥Thma￿e. The Charjty has no ernph)yee8. The Chanty rema¢n8 cash geneth.ve bofore excepl.onal wjalrs or expendKura And tta8 ALMSHOUSE CHARrrY OF SIR VaLUAM POWELL TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 IAARCH 2023 Tht Ch￿1￿$ de*'onat•d rthrNft r•s•N•# ar• hdd toen5ur# rls Sustainatilty. A pknnad maintèn•neo serve Is set aside io fund extrthinary repairs. atse pn"nc4paty out of quinquennk4 8uryey8. Th8 rn9st recent suth survey iwk dunng the 2021 ygBr. Annu* surK4Jses are a￿mUlat•d In thè Incgmg and Exp8ThllbJre Accr￿￿ and the RevabJal(*) Rasorva r8fiacls thè galns and losses on revaluat￿ of investments aThJ inveslment Fff0F￿. The SOL¥d ts￿1"ng uvant k8 8 rnstrictsd reserve. The 18v81s Lrf thasè r88aN88 aw shown m Notè 13 to tho 8tsx)unt& Thg tot4 rssoTh9 fund8 held at 31" March 2023 were £1.519.629. of whth £255,230 re8th(*ed reserve. £691.104 & a d•slgn•tgd but rtrjl commltted r88em pwty ￿ aF¥4knJ to 2021 qulnquannLal wjrvoy works tM#lgetwl to 8mount to £231,C*JO over thè ntrxt ￿ Ilnand81 years. Tofftr ￿1h eash C￿ hath1 and redisatde stock mark81 Inveslments Tr[￿te￿ ¢ons¥Jer the ch*'s reserves arg ap&Yowwte and re&Jily avala￿&. Publlc b•n•fft T￿ Tru8iees ha￿ due regard to put4i¥h¢d by the Ch8rity Cornrni88ion on wtrAic banofrt ond confim Ih•y havo comyli8d With tho in 17 oftho ch￿￿"•$ 2011. The o)nsth the Charfty dglvgrB pull￿ ben8fi1 Ilwh the wovhi(fft crf S￿la1 houalng In th• Almshou￿ fiats. When fiats become vac4nl res#Jents are frMJThJ ty pubhcadTrnrtl8•m•nl ty nominalon$ Ircm Hamrrwsmilh and F￿harn CourKI or, ts¢ling th*. oth•r rolerral agar￿￿. 10. Valu• for mon•y Tha TnJst86s arn n￿nthjI of the nwd to obtaln valu8 ts fThXOy kn al tr8n8xkn8 8nto￿ Into sy* behoif of lh8 Ch8rlty. When rn*r works *e undertaken a comWitfve ttndef Js e8rr18d out ￿never practical. The Charity revithved its anarvJgmg1rt8 dwirvJ y*•r. regulaior h88 188Uod v4uo for nK*r*y m•trk4 to ¢nsur• F•rfom¥n¢• kn m•owr•J oxstBtonty for aach Rsgistèrnd Provld8r. Wo have thpknj the9e wthkh rnportthl tolw. Indlc*tor 2024 2023 0.0% ReInV￿tsnenf ¢Jeveh)pment and r￿￿181 works 1X)% 10.0% 28. Supply delfftffjd. Social unils 2b. ￿ suppty delNered. Non-soci81 h￿$1 3. Gèarfn 4. Interest ¢rf)itsbsed Tepaii¥ EBITDA￿R1 5. Scoal h(wiry ttAt pw nlt 6. opera￿.ng rnargin Swal housi 7. Operatkng rrrdWn lovw*l 0.0% 0.0% 0.0% £4.738 £8.S76 1.0% 16.4% -27.yh e.o% 29.1% 6.1% 12.0% Ratum 1.0% 0.4% em ALMSHOUSE CHARrrY OF SIR ￿LuA￿ POWELL TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2023 111. V•lu• for m(Thy l¢onUnwdl R•lTrveotm•nt- looks at the investment in prrwbes Iwstir¥J st(￿k as w81 as s(wtyl as a percentage ofthe value oftclal proFvties hdd. No Ca￿ c8m8dLWt LW ￿ Almshous•s 117is year. Q￿nqUeftnIal stKtrey fvn6d ts 2024. 2. Ngw •uppty soclal hou•lry urtl¥- sel8 thg numtw of nthv gxAal I￿U$1r¥j and nLTrsocial ￿luSing units that hav? bttn 8cqured or d•v•kyd in Ihe year AS a wjwb.on of iots180ckql kjusing units and nofvso¢W Ixwlng own8(l ai portwj $nd. Th8 Ghorftyls not dgv•kpli>g •nyrtewpropeth& 3. G••rlng- 0$50sses Ivyw rrwh ofthg •JjustyJ asF9ts are up ofdobt and ts dogw of dep￿thn￿ on debt fingnGe. Thg Chwty ¢kn¥ n(*h8vg any lo8n¥. 4. E*mlny b•lorn Int•rn•C d•w•¢lthn. *m¢%11•th. r•p•lrn In¢lud•d- IntOr￿ ¢ov m•8sur• 1$ a k•y Irbjieator for liqwdty investm￿￿ tapacity. It saeks to m8asurts tho knvel ol surplus that a registered prowf1er gwiwates c(rfDpared to inlern•l payabkn.. aVO￿lIv￿ tJi8tortion8 ariwng Irc deFffecl8tknn. Th Ch8rfty d￿8 nothave 8nyloon8. 5. H••dlh* s¢xl•l houthg eo•t p•r unlt-assesses tho he*Jlne scxaal h(NJslng ctht per unlt as defined by the R*JLd8tor of Sctlal FkJusiTrJ. Th8 Charitys headlw7e castsper tmit are lowthan lh8 t49ryetdue to 8. Op•rntlng tor wcl•l Immwlng and *>v•r*ll- d•mon*trat•A tho wofitab511ty 01 op•ratlng ass•ts b•fcrfo •xcepbonal 0Xpen￿ are tsken into acC￿nt. Incxea6ing margins are on• w•y to ImFWO¥8 th8 fin￿81 affldery ofa bu￿￿$8. Social incw89d to th& in m pa￿ $nd rofvrbishmsftt thg yow. 7. R•turn on e•pltal •mploy•d- compares the ¢¥￿9￿.￿j 8ury4u8 to lotsl asgels less oJrTont liabl￿￿'e8 And Is a c￿mMOn m68gurn In tho ¢xmIr￿aaI to &sse98 the eff￿￿t irweBlment of cawtsl resources. Th• ROCE m•trfc wouhj 8upl￿t regl&erod ryovldgr8 TrAIth Invo¥tmenl wogT8rryne8. In¢ffj8$0¢1 d to dug lo fo11 in rpfvthshrngnl andm¥orrnpatr n**d•d ￿rtn9 I1￿ y8ar. 11. Fourolth• TNStttsw￿o*V•d durfThJth8 y•w¥M• d10Tn￿t￿8ofTh0 Ajm8hw￿S. On al mattws aff8cl1ry Ih8 Ch8rlty'$ deakng8 Th8 LY9￿ thatè Tru8teeB abslaln frorn ¥otlng at Tw8tee8' meellngs on rn18ted paty mattern 12. Golng con￿rn Th¢ Tru$lee$ h8ve rewe*pd the fjnanc4I1 F#)sib'on ol the Charity and cwffjthred ils ffinancA￿ forecas18 and Jmmitinènts lor IckniNJ yw ènd C4*)dudad thot Ihar8 aro no mot¢rig1 un¢wtsinties that ¢$$1 th)utyt on the Charfty's 8bW to (vth'we as a immwjlale fvthJTe. T￿J$t￿ hav• th• NalkThl Hwsmg Fthticffj's INHFI CodeofGovwnanc8 201S and comply oryani8abon. Tn18￿5 are (wmittod to integrity #Thj ￿c%￿nt￿)lIty in 8IWW8FdBhtp of thtr Alrnshou8e's 8ff8irs #nd conslderlhatthe TnJsle6s have ccrfnF4ledthr￿th8 p￿c￿l uthrevkywwhhts provlsk)ns ofthe NHP8 Code of Govwn8nce 2015 èxcept as Idk)ws.' Tho Trust8•s do ci)nsKler it approwiale lo arpoKrt an wd4 rjjmrnillee tr a oryJanvdabon. The Goveming DrKum￿l provides fr)r trustees to for t•m)$ of lour yearts and (kns rK)t requlre a maximum length ofsw*e. l>)vemiTrJ Dcajment *0 prow¢*s Ihalcertain trustees be ap￿nted In ex4)lficio capacity and forothers to be nominated by Ihe CourKI ol Ihe B(xwgh ol Harnm8rsmth and Fulham. ALMSHOUSE CHARrfY OF SIR y￿LUAm POWELL TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 IAARCH 2023 14. Tru*t••* Thg Tn4tses wh) 80￿8d duriFKd 31 March 2023 were aB folhm".. Chalr.. Deputy Chair Hon Treasurer. Rev.Perffiy Seabrwk Gly Nesie(4mith JP Ire6Ogn8d OB11¥22) PhiSp Hedges Clr AdnMl• AJlc¥d Sylbia (r?￿￿ 2Q1091221 C8Jdiro Needham {rewl 231(k%1221 Clr Sharon H¢ Clr Ann Rc6erkng (IBS￿￿ 23105r22) J￿1rth Gr8h8m Laurn Auckknnd Thrynys 181051221 Pa￿ Hall Cath8rtM Cul Thom88 lapFthtsd 1￿1(￿22) Robgrt Rose (Sp￿In1•d 191101221 Clr Lucy (0￿11nt0d 22109r221 P8d Ajexandgr lapw'nted 23105r22 18A04riJi Rw.Petsr Keitl818pwnl8d 021021231 10. Stat•m•nt oldl•¢lo•urn ol In￿mmI10n to e•portlng •¢¢wthn¢ We. the TfU8t888 oftha fvjmshcthe h8lJ ollka at the d•te (rf apFKoval ol Hnon¢W ststsments. 88t out •bov•, exh tsjnfflmi 80 lar as w• arn that.. there 18 no TelevaDt exwnln0t1(￿ Irrfonnalk>n rA th Ihe ￿mSh￿se,9 rep)rtlng accwntanl L￿a￿ar•.. And w& havè t8k8n 81 th• sttys Ihal ￿ wht lo have tak•n 88 Tw¥toes In ordef to mak• OU{s8fv￿ awar8 of any fel8vant •xamNiabon tthmiati￿ aThJ lo •stablish that th8 Almshouse's 1fj. Tru•t•M' ￿p￿￿IbIlI1l•j Th• Chartlas A¢t 2011 and th• HryolrvJ •)d R•go￿￿ kt 2CQS requiw Ihe 808fd of Trusto8s to Prepa￿ fknanclal statements ts eac* flnaTh*l yaar whh* glve a aThJ far vl8w of the Blats of affalrs of the Almslbmse and of its inc4)m8 and exfftrture Ihot make jtklgements and esbrnateg Ihal re830n8bkn and w*denL $tsto whathar apF4th8 accc¥Jnkn"r*J siandards hav• boan folsw•d. $tyt to any matsrial departur•s disdosed and eAF48ined in the fin8nual ststements.. and prepare the fmanrial 3tatements rm thg svu¥J basls unless it18 thapprow to presume that the Aknshouye wll continua in b￿￿n&*. any tim8 tha financial ￿SIti"L￿ of ￿ AjMSh￿￿sO and onatd8 it to that th• fina*k8181818m8nis comply wth the Charities Act 2011. arKI Ihg How4ir¥J otsj R8g9n8rati￿ Act 2Q)8. 11 has general responsibilty for lakjng rwasonabk stepskn s*guard the assets rfthe ￿nsh￿se and to wevant and ￿￿elfr#LH1 other Irregularfb'es. ALMSHOUSE CHARrrY OF SIR WILUAM POWELL TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2023 17. In￿pO￿l0ftf ACCO￿¢•nt A re5dution ID appcdntth8 r8FKYlirva￿jntsnts'. Stwih8r5, has been approv•d by th•TNst•8s. 18. Approval Ths R8pJrt and Ihe Accgxmts were aF￿[￿l ty the T￿￿1888 *KI sywl on tsir behalfby.. R•v. Penry Seabrrxd Ch•1rp•r￿n Dat•: INOEPENDENT EXAMINER'S REPORT TO THE TrUSTees OF ALMSHOUSE CHARITY OF SIR WILUAM POWELL FOR YEAR ENDED 31 IIARCH 2023 l Teport to the charity trusÉ¢e5 on MYex￿nIThoth(m of the a¢¢m of the Compw forthe yearendol 31 March 2023. RespoHslblllths And b*sts of rtport As the tlwrity's trustees of th¢ AITnsh¢)us¢ Cltyrity of Sit Willith Powell you are responsible for the prwtion of the accoutlts in accordan¢c with th¢ requirements of thc Comp8nies Act 2(X161'tht 2(X)6 A¢i'l. H¥ving sat15fKd myself ihBt the account5 ofthe A￿￿oUSe Clwily of Sir William Powell are noi required to be audited under Part 16 of the 2(￿ Act ¢li8ible foriDdewd•)i examtn81l0￿ l TWI in re5PeCt of my examinatioD of your ¢lwrity'$ 4¢¢oumts *% ¢attl￿ 4)ut uth sethio# 145 of the C1wTilie5 Ad 2011 ('the 2011 Act'}. Tts ¢arying out my rnination I hai'e followed tk dire¥lions giirn by ￿ Charity Commission section 14315Kbl of the 2011 Aci. Indep¢ttdettt ex•mlow'• itstement I hav¢ iompl¢i¢dmy¢xwoiDstwTh l¢ourmthw￿ffj1￿¢ls1weCQm￿lOMy*llE￿tloD ID COtuKctionwith th¢¢xwinAtion 8ivin8 me ¢4uye w b¢lt¢v¢'. acLounlin8 recoxds wcre not k¢pt in ie4Ject of the Alokn awity ofsir Williim Powell as required by $e¢tion 386 of the 2￿6 A¢L or 2. the accounts th) tbx •¢cffd with th08¢ re¢￿d&. or 3. th¢ accoun¢$ do th)1 Comply with the a¢¢ouMing rtquiremeblts ofÉeciion 396 of ttle 200f* Acl othv iban any requirement that the accounts 8ive a fair view, which is noi a Cons￿¢[¢d as pArt or inde￿￿ent exaMS￿li0n. or 4. the I￿￿￿nts hove Jw prep8r¢d in ¥Lx)rdan¢e with ihe and pritt¢iples of the Stu*metLI of Rcromrncndrd Prnrlitt for ￿>￿Iling atKI T¢PWtJn8 by ¢h*rili¢s lappliuble 40 d￿l'lIeS preparin¥ th¢ir o¢¢ounts in ￿ordance with th¢ fin8n¢ial Re[￿'n8 s18nd￿d 8ppliubl¢ in the UK ind Re￿blic of ITtlaThl {FR8 10211. I have no con¢¢rn$ gnd ho￿￿ ¥¢t¢w ￿ other matter5 LD with th¢ ex•miJwtion ￿ vkni¢h httttltion 5bouid be thxwn in ihis TEPOrt irt ￿der to erthble • pN)perUrMle￿ing tsf the *CLRm¢s to be ruLhed. Helen Binns FCA Chgr¢ered A¢¢ounts One F.xpress l G¢orgc l.¢igh Stseet Ancoals Man¢h¢strr M4 SDL D4te...wcq.I..IJ.. 10 ALMSHOUSE CHARfrY OF SIR MLLIAM POWELL STATEIAEKf OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Funds Funds Total Total Charitable activit Investments 83,184 29,678 83,184 29.678 73,496 29,305 Tolal Incom• 112.862 112.862 102 801 Exp•ftdI￿r• on". Chantabk activitse$ Investment managemerrt Other 89.561 6,119 69,561 6,119 93.500 10 3,066 Total •xwbdI￿r9 75,680 Net Incom8 befor• inveslrmnts gains 11083esl Net gain l {losses) on Tr)ven*nt of investrn8nts 37.182 37,182 6.235 10 {54,737) 154,737) 29,649 Not 1•x￿ndIt￿rOl I Incom• 117.6S6 Not mov•m•nt In fund• 117.655) 117,5561 35,884 R•conclll•tlon of fund•: Totsl funds brought fO￿ard 13 1.281.954 255,230 1,537,184 1,501.300 Total funds c•rrfod foThMryl 13 1264,399 25&230 1,519,629 1A37,184 All income and exr*nditure derive from ccrtinuing &tivilies The statement offinandal actNlt*s irKludes all g•ns and k)sses re(wnistiJ during the year. 11 ALMSHOUSE CHARrrY OF SIR WILUAM POWELL STATEMENT OF FINANCIAL posmoN AS AT 31 K4RCH 2023 2023 2022 Fixed atsets Tangible assets Investment propety Investrnents 574,202 586,743 10 810,094 842,697 Curr•nt ass•ts 1,444.296 1,489,440 11 Ca$h al bank and in hand 3,806 80.787 2,539 62,979 84,592 65,518 Cr•dltor•: amount8 falllng du• vAthln on• y•ar 12 9.260 17,774 Net ¢urMnt a•••ts 75.333 47,744 N•1 aM•ts 1.519,629 1537,184 R•strlct•d and unr••trkted funds Unreslricted lund8 ReSt￿ted funds 1,264,399 255,230 1,281.954 255,230 Total charKy lund• 13 1519.629 1,537,184 Th8 financlal statements were appmved and aUth0n￿ for is8ue by the Board on IY SVWYA Lot3 S*ned on ha￿ of the board of trustees Signaiuro: sh)na￿re.. Namg.. Nan*.' I. E¢J ￿￿Etl . The notss on pages 1 12 ALIASHOUSE CHARrrY OF SIR WILLIAM POWELL NOTES TO THE FINANCIAL STATEMEMTS FOR ThE YEAR ENDED 31 MARCH 2023 L•g•l Fomi The Amshouse Charity of Sir Wlliam Powell is a registered thanty Mi England wth the Charity Commission. The ￿ldr￿ of rts reg￿tered offi(* is The Lygon AJmshoL￿. 313-321 Fulham Palace Road, Fuham. London SW6 6TH. Its F4ac• d businass is Th &"r Wllam Pow81 AJmshou686. Chur Gate, Fulham. Lc￿dC￿. SW6 3LD. PRINCIPAL ACCOUNnNG POLicie8 8•6ls of 8¢¢ountlng The flnanclal statements have been wepargd In acoydarKe with tho Fin8ncl81 Reporting Stsndard 8ppI1¢ab￿ In tho Unltsd ￿nty10m sr￿1 R8pubk d IrdarKI IFRS 1021, the Statement of R￿0mmend0d Practice 8pplicalAe to tharities preparing their acojunts ￿ acCOrdar￿ with the Financial Reportin9 Standard apFlicable in the UK and Republic of Ireland IFRS 1021 In Oclobor 2019 ISORP 20191, the Charitios Acl 2011, the A£cOLbnt￿Q DirKb"on for privale register￿ provhjers of soThal housing in England 2019, the HoU￿r1d and Reg8nwth A(a 2tX)8 UK Gene￿ Acc•pt•d Accounllng Pract1￿. charity constllvtss o publlc b•ngfit 89 dèfin￿ ty FRS 102. ftnwclal statefflents have t*on kYeP8od und8rthè histort81 CA)8t ts)nV8nI￿ M an accru818 basis. Th8 finanual statements ar& entod in sterfir*J whiL* 18 the functiMI (XNTWW rA th8 ch8nty and rwndgd to the nggrost £. incoming resources w• rnc*Jd•d in lh• St8t•m¥nt of Fina￿181 Activit*s ISOFAI when the charity is galy enbtkny to the incoTh 8fter any perfcrfmanco C{￿d￿￿n8 h8vg b99n ft￿¢. the amounl can bo ma88Ufed rellabty and bt ts probaile Ihat the ina)m& VAI bo rtcelvod. Outgolng r••Ou1￿ l•xp•ndltur•l Ll8t41Mlos ar8 fwn18ed #s res￿ree8 expwvjtsd 88 to￿ 88 there18 a legal or conylwctive ot41gaUon GommltdrwJ Iho ¢h8rlty to Ihe exp8ndtture. All exp•r•ji￿re 1$ 8¢counte(I for CA) 8n accwds b88[8 8nd has been classsfied under the head1r￿ Ihat weggts al costs ￿ted lo thg c4togyy. Costs of tharltsbl8 acilvltle8 Incaude all o)sts rdatkw to the matht8nanc• of tho h￿sIng pn)partl•s as well as the SUFWI ar￿ welfare of the resld8nts. OthW0xpend￿re IKaud•8 ts cost Of9)Vwn8n￿ aTh¥ryomth8 relat8 to the general wnnlng of the Charity. Support cosls are those that assisl the of Iho tharity I￿1 do not dlreclly r?pr￿ent chartsbb actiWI'•s and indude (Afi¢¢ costs. govwnance cosis. arKJ ￿lMI￿￿tr￿"ve COBts. T*nglbl• fix•d a8ut• Tanglblg flxgd assets 8re statwj 8t cost lor 0oemo