Charity Registration No. 1130450
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THE TROWBRIDGE ALMSHOUSES TRUST
Trustees Report and Accounts For the year ended 30 June 2025
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THE TROWBRIDGE ALMSHOUSES TRUST
Page Trustees Report 3-4 Independent Examiner’s Report 5 Balance Sheet 6-7 Movement of Funds Summary 8 Receipts and Payments 9
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THE TROWBRIDGE ALMMSHOUSES TRUST
Annual Trustees Report 1 July 2024 - 30 June 2025
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Trustees
Mr Glyn Bridges Mr Nicholas Blakemore Dr Bethanie Afton Mr Darcy Pace Mr Brent Hodges Mr Paul Vingoe Mrs Denise Bates Miss Olivia Clifford
Charity Number
1130450
Clerk Mrs Zoe Pace Principal Address The Toll House 41 Islington Trowbridge Wiltshire BA14 8QL Independent Examiner Katy Tovey-Bowes Morgan Tovey Ltd 5 Martins Lane Keevil Wiltshire BA14 6NB
Bankers
Barclays Bank
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THE TROWBRIDGE ALMSHOUSES TRUST | | Annual Trustees Report 1 July 2024 - 30 June 2025 | |
Structure, Governance and Management The charity is constituted and governed by a Charity Commission Scheme dated 14 January 2011 when there was a merger of Lady Browns Cottage Homes, Union Street Almshouses and the Palmer Charity now known as The Trowbridge Almshouses Trust.
The Trustees include two Trustees* nominated by Trowbridge Town Council and four Trustees appointed by the Body of Trustees:
Mr GJ W Bridges (Chairman)*
Dr Bethanie Afton
Mr N Blakemore*
Mr B Hodges Mr D Pace Mr P Vingoe Mrs D Bates Ms Olivia Clifford
Objectives and Activities
The object of the charity is to relieve elderly people resident in Trowbridge and Hilperton who are in need by providing specially designed or adapted housing, items, services or facilities. Donations are also made to local charities to relieve the homeless and support elderly peoples’ day-centres and clubs.
The Charity Commission requires all Almshouse charities to make provision for meeting the cost of maintaining the properties by the establishment of three funds covering Extraordinary Repair, Cyclical Maintenance and Routine Maintenance. As a result the properties are maintained in a good state of repair and improvement for the comfort and amenity of the resident beneficiaries.
Achievements and Performance
Olivia Clifford, a Private Client Paralegal and representative from Goughs Solicitors joined us as a Trustee. Her experience will certainly benefit the Trust. Ms Clifford was welcomed in October 2024.
In December a new beneficiary; Mr Carr moved into to 2 Union Street. Mr Carr is delighted and very grateful to become a beneficiary and move into his new home. The local Mayor, Trustees and neighbours enjoyed meeting him and welcoming him into his new home. In March 2025 Mr Vennell sadly vacated 4 Union Street after years of ill health; he now resides at a local care home. This property is having a complete renovation to include a gas central heating installation, new kitchen, bathroom, painted throughout and new flooring. The renovations are well underway.
There have been on-going minor repairs to the properties and communal areas. Larger works have included a report from Sovereign Damp to 1a Polebarn after a roof leak, which caused damp to the bedroom, which has now been rectified. 3 Yerbury Street had a bespoke frame and front door fitted. Fascia boards and balcony struts were painted to the front of Union Street.
Financial Review
The Charity's financial position is very sound with investments in COIF and NAACIF shares. No increase was made to the WMC in this financial year. The WMC increased to the lower rate beneficiaries on 1* January 2025.
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Signed: wo MOChairmanDRM (on behalf o chetiuse Body)
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Dated: 2O:(O:<JG25
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INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS
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Report to the trustees/ | The Trowbridge Almshouses Trust
members of
On accounts for the year Charity no | 1130450
ended (if any)
| report to the trustees on my examination of the accounts of the above charity (“the
Trust”) for the year ended 30" June 2025.
Responsibilities and basis of As the charity trustees of the Trust, you are responsible for the preparation of the
report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
| report in respect of my examination of the Trust’s accounts carried out under section
145 of the 2011 Act and in carrying out my examination, | have followed the applicable
Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's | have completed my examination. | confirm that no material matters have come to my
statement attention in connection with the examination which gives me cause to believe that in,
any material respect:
e accounting records were not kept in accordance with section 130 of the Act or
e the accounts do not accord with the accounting records
e the accounts did not comply with the applicable requirements concerning the
form and content of accounts set out in the Charities (Accounts and Reports)
Regulations 2008 other than any requirement that the accounts give a ‘true and
fair’ view which is not a matter considered as part of an independent
examination.
| have no concerns and have come across no other matters in connection with the
examination to which attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
Signed: \ Date: : ;
Name: | Katy Tovey-Bowes
Relevant professional | ACA
qualification(s) or body (if
any):
Address: | Morgan Tovey Limited, 5 Martins Lane, Keevil BA14 6NB
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THE TROWBRIDGE ALMSHOUSES TRUST CHARITY No. 1130450
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BALANCE SHEET 30TH JUNE 2025
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| Endowed Funds | Notes | 2025 £ |
2024 £ |
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| Land and Buildings | A | ||||
| 1,350,00 | 1,350,00 | ||||
| Six cottages in Polebarn Road, | Trowbridge | 0 | 0 | ||
| FourAlmshouses in Union Street,Trowbridge | 840,000 | 840,000 | |||
| YerburyStreet,Trowbridge | 215,000 | 215,000 | |||
| Other Permanent Endowment | Funds | ||||
| LBCH | 14,317 | NAACIF Income Shares | 13,683 | 13,335 | |
| USA | 26,536 | NAACIF Income Shares | 25,360 | 24,715 | |
| PalmerCharity | 2,095 | COIF Income Shares | 40,674 | 42,617 | |
| 15,483 | COIF Fixed Income InterestShares | 19,708 | 19,088 | ||
| 608 | NAACIFAccumulation Shares | 77,285 | 72,127 | ||
| OtherCharities | 834 | NAACIFIncomeShares | B | 797 | 777 |
| 2,582,50 | —-2,577,65 | ||||
| Total Endowed Funds | 7 | 9 | |||
| Non-Endowed Funds | |||||
| Extra-Ordinary RepairFund | |||||
| LBCH | 1,158 | NAACIF Accumulation Shares | 147,102 | 137,286 | |
| USA | 654 | NAACIFAccumulation Shares | 83,075 | 77,531 | |
| AvrilTadd | 922 | NAACIF Accumulation Shares | 117,172 | 109,353 | |
| Other (General) | 5,342 | NAACIF IncomeShares | 5,105 | 4,976 | |
| Monetary Funds | |||||
| Barclays Bank: | CurrentAccount | 3,794 | 8,302 | ||
| Charities Office Deposits: | USA | 0 | 0 | ||
| Palmer Fund | 5,514 | 3,541 | |||
| Cyclical Maintenance Fund | 362 | 345 | |||
| Yerbury | 0 | i) | |||
| 2,944,63 | 2,918,99 | ||||
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| Represented by: | |||||
| 2,476,33 | 2,471,48 | ||||
| Permanent Endowment Fund | 0 | 2 | |||
| Cyclical Maintenance Fund | 830 | 813 | |||
| Extra-Ordinary Repairs Fund | 230,127 | 214,768 | |||
| Palmer | 109,220 | 107,247 | |||
| Yerbury | 0 | 0 | |||
| ATadd | 117,172 | 109,353 | |||
| Other | 1,557 | 1,428 | |||
| General Fund | 9,392 | 13,900 | |||
| 2,944,62 | 2,918,99 | ||||
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THE TROWBRIDGE ALMSHOUSES TRUST
CHARITY No. 1130450
Notes to Balance Sheet
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A Properties are stated at valuations made in 2022
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B Other permanent endowment funds are investments taken over from USA and comprise endowments in the names of:
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F J Pickard 564 shares FM Hilliker 100 shares T Ray 170 shares
| Thefollowing | abbrieviations are used inthe BalanceSheetand otherparts ofthis Report: |
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| LBCH | Lady Brown'sCottage Homes |
| USA | Union StreetAlmshouses |
| NAACIF | National Association ofAlmshouses Charities Investment Fund |
| The Charities Office Investment | |
| COIF | Fund |
| CMF | Cyclical Maintenance Fund |
| ERF | Extra-OrdinaryRepairFund |
APPROVAL
These Accounts were considered and duly approved by the Trustees at their meeting
OM ccceseceeveoecinavsntets
Signed Chiba doer... (Chairman)
Print name (CIW> Cm BRIDGESf — 7
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THE TROWBRIDGE ALMSHOUSES TRUST
CHARITY No. 1130450
SUMMARY OF MOVEMENTS OF FUNDS - YEAR ENDED 30TH JUNE 2025
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|oli,|CMF|ERF|Palmer|ola|
|Endow.|y|
|Opening|balances|2,471,482|813|214,768|107,247|0|
|Interest|received|4,812|16|8,658|1,972|
|Interest transferred|-1,905|0|0|0|
|Interest|re-invested|-2,907|-16|-8,658|-1,972|
|Funds transferred|0)|0|0|0|
|Property|revaluation|0|0|0|0|
|Other|bank|receipts|0|0|0|0|
|Other|bank|payments|0|0|0|0|
|Investments|-|value|
|increase|4,848|17|15,359|
|Closing|247633|#+§|23012|||
|Balances|ai|830|=e|iz|109,220|0|
|Other|A Tadd|General|Total|
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|2,918,99|
|Opening|balances|1,428|109,353|13,900|1|
|Interest|received|0|4,408|)|19,866|
|Interest transferred|i?)|0|1,905|0|
|Interest|re-invested|)|-4,408|0|-17,961|
|Funds|transferred|0|0|0|0|
|Property|revaluation|0|0|0|0|
|Other|bank|receipts|0|0|49,250|49,250|
|Other bank payments|0|0|-55,662|-55,662|
|Investments|-|value|
|increase|129|7,819|0|30,146|
|.|2,944,62|
|Slating Balances|1,557|117,172|9,392|9|
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THE TROWBRIDGE ALMSHOUSES TRUST CHARITY No. 1130450 SUMMARY OF RECEIPTS AND PAYMENTS - YEAR ENDED 30TH JUNE 2025
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|2025|2024|
|Receipts|48,960|48,230|
|Investment|income|1,905|1,881|
|Other|income|290|86|
|Palmer funds|deposit transfer|0|1,800|
|Cyclical|funds|deposit|transfer|0|4,000|
|Current account|balance|3,794|8,302|
|Expenses|
|Routine|maintenance|9,605|12,156|
|Cyclical|maintenance|5,818|17,494|
|Extraordinary|repairs|22,664|647|
|Insurance|1,817|1,716|
|Water|2,464|2,320|
|TV|Licence|0|182|
|Gardening & waste disposal|2,527|3,774|
|Letting|agents fees|474|474|
|Clerks|expenses|7,817|8,550|
|Independent|examiners|fee|500|500|
|Legal fees|8)|1,280|
|Special|expenses|0|0|
|Almshouse|association|subs|477|413|
|Donations|1,500|0|
|Bank charges|0|0|
|Other expenses|¢)|493|
|55,662|49,998|
|Summary|
|Opening|balance|8,302|2,303|
|Uncleared|cheques|in|previous year|0|(¢)|
|Uncleared|cheques|in|current year|0|0|
|Receipts|51,154|55,997|
|Payments|55,662|49,998|
|Closing|balance|at the|bank|3,794|8,302|
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