ROLLESTON ALMSHOUSE CHARITY
ANNUAL REPORT AND ACCOUNTS
for the year ending 3 1st December 2023
Registered Charity No 1158564

ROLLESTON ALMSHOUSE CHARITY
TRUSTEES ANNUAL REPORT
for tbe year ending 31st December 2023
Scheme
The objects of the Charity are.,
1. The maintenance and provision of almshouse accommodation for the public benefft of those
in charitable need including those in financial hardship and who are resident in the parishes
of Rolleslon and Anslow in Staffordshire.
2. The relief of financial hardship, either generally or individually, of the residents of the
parishes of Rolleston and Anslow in Staffordshire by making grants of money or providing
or paying for items, services or facilities.
3. The maintenance of the clock of St Mary's Rolleston parish church and the bridges over
Rolleston brook for the public benefit of the residents of the parishes of Rolleston and
Anslow in Slaffordshire.
The objects are set out in Ihe Governing Document adopted bythe Trustees on 12th September
2014.
Review of Activities
The Charity owns and mainlains 6 almshouses at Burnside, Rolleston on Dove, Staffordshire.
Title to the property is vested in the Official Custodian for Charities.
The Trustees regularly contacted the residents during the year lo ensure the almshouses were
in satisfactory condition. Refurbishment of the almshouse at No 10 was completed in Autumn
2023 and the vacancy was filled by the resident at No 4 on 2nd November 2023. Refurbishment
of the almshouse at No 4 was completed in Spring 2024 and the vacancy filled on 29th April
2024.
The Weekly Maintenance Contributions remained at £66 throughout the year, though the
weekly charge for the renovated almshouse al No 12 was increased to £70. All Weekly
Maintenance Contributions were increased from 1 st January 2024.
During the year, £39,455 was spent on the almshouse at No 10 in anticipation of its occupation.
£38,872 of this expenditure was charged lo the Extraordinary Repair Fund with the balance of
£583 charged to the Cyclical Maintenance Fund.
The Trustees also spent £13,608 during the year repairing the flat roofs {charged to the
Extraordinary Repair Fund) and £2,384 replacing the back doors (charged to the Cyclical
Maintenance Fund}.
The Trustees were delighted to receive donations from individuals and other volunlary
organisations within the local community towards the costs of modernising the almshouses
which totalled £3,641.

Mana
ement
The Trustees met five times during the year to conduct and review the management of the
Charity.
Recruitment of Trustees
All Trustees shall be persons over the age of16 residing or carrying on business in or near the
parishes of Rolleston and Anslow in Staffordshire.
2 Trustees are nominated by Rolleston on Dove Parish Council, 1 by Anslow Parish Council
and 1 by East Staffordshire Borough Council, though ESBC has decided they no longer wish
to nominate a Trustee. In addition, the Charity should have not less than 3 nor more than 6
appointed Trustees. In selecting individuals for appointment, the Trustees have regard to the
skills, knowledge and experience needed for the effective administration of the Charity.
Public Benefit
In exercising their powers and duties the Trustees have at all times complied with their duty to
have due regard to the guidance on public benefit published by the Charity Commission.
Accounts
The Trustees have chosen to prepare the Charity's accounts on a re￿iptS and payments basis.
Charit Funds
The Almshouse Fund is a capital fund representing the value of the property at 2-12 Burnside.
On 12th August 2014 the property was valued by Wayne J Goodwin BA (Honsl Bsc MRICS
FNAEA al £171,600.
The Endowment Fund is a capital fund from which the income generated is applied by the
Trustees in accordance with the objects set out in the Goveming Document.
In accordance with best practi￿, the Trustees have chosen to maintain an Extraordinary Repair
Fund lo provide for the extraordinary repair, improvement or rebuilding of the almshouses.
Similarly, the Trustees have chosen lo maintain a Cyclical Maintenance Fund to provide for
those items of ordinary maintenance and repair of the almshouses as recur at infrequent
intervals. Both are restricted income funds.
The Reserves represent the accumulated income of the Charity which is available for
expenditure in furtherance of the Chanly's objects at the discretion of the Trustees.
Reserves Polic
The Trustees consider an appropriate level of Reserves should be held to ensure the Charity
has sufficient resources lo meet its ongoing expenditure and to allow time for re-organisation
in the event of an unforeseen increase in expenditure or liabilities or an unexpected downturn
in income or assel values.

The Trustees have made an assessment of the risks and other issues facing the Charity and
have considered it prudent to set a target level of Reserves at an amount equivalent to one
year's estimated ordinary annual expenditure of the Charity.
The Reserves Policy is reviewed periodically by the Trustees. The amount held as Reserves
at 31 sl December 2023 was £12,093, marginally above the target level.
Investment Polic
The BlackRock Charilies UK Bond Fund performed steadily during the year due to its
composition of fixed interest securities. The M&G Charity Multi Asset Fund rallied strongly in
the second half of the year, largely due to its higher equity content reflecting the recovery in the
UK stock market.
During ihe period the Trustees regularly reviewed the performance of the investments and they
are satisfied with the overall balance of the investment portfolio.
Risk Mana
ement
The Trustees manage and govern the Charity in such a way as to minimise exposure to any
risks, be they governance, operational, financial, compliance or other risks, but so long as the
objeclives and operation of the Charity are not compromised.

Le
al & Administrative Information
Rolleston Almshouse Charity
Registered Charity No 1158564
148 High Street, Burton upon Trent DE14 1JY
www.rollestonalmshouses.or
Trustees
Mr S D Richardson (Chairman)
Mr S Sanderson (VI￿ Chairman)
lelecled Chairman 26th June 20231
Cllr Mrs B Toon
Appointed
lelected Vice Chairman 24th July 20231
Mr S D Appleby
Ms A J Gillespie
Appointed on 24th July 2023
Appointed
Mr R N Houston
Ms S J Reader
Appointed on 241h July 2023
Nominated by Anslow Parish Council
on 21st January 2024
Nominated by Rolleston Parish Council
Appointed on 2nd October 2023
Appointed
Appointed (resigned 25th May 2023)
Nominated by Rolleston Parish Council
Mr M D Robson
Mrs R D Tomlinson
Mrs S J Whitty
Clerk to the Trustees
Mr T J Bramall LLB, 148 High Street, Burton upon Trent DE14 1JY
Tel.. 01283 564716
Email.. charities
talbotco.co.uk
Accounts Examiner
Mrs Mcmanus
Solicitors
Bankers
Talbol & Co
148 High Street
Burton upon Trent
DE14 1JY
Lloyds Bank plc
16 High Street
Burton upon Trent
DE14 1JA
Signed
Mr S Sanderson (Chairman)
Date

INDEPENDENT EXAMINER'S REPORT
I report on the accounts of the Rolleston Almshouse Charity for ihe year ended 31 st
tkcernber 2023 which are sel out on pa&Jes 6 to 8.
Respeetive responsibilities of Trustees and Examiner
The Charity's Trustees are responsible tor the preparation of the accounts. The Trustee5
consider that an audit is not required for this year under section 144(2) ot" the Charities
Act 2011 (the 201 l Act)) and that an independent examination is needed.
It is my responsibility to examine the accounts (under section145 ot'the 201 l Act), follow
the procedures laid down in the General Directions given by the Charity Commission
{under scLtion 145{5)(b) of the 201 l Act) and stale whether any particular matters have
come to my attention.
Basis of Independent Examiner's report
My examination was carried out in accordance with the General Directions given by the
Charity Commission. An examination includes a review of the accounting records kept
by the Charity and a comparison ol. the accounts presented with those records. It also
includes consideration of any unusual items or disclosures in the accounts and seeking
explanations t.rom you as Trustees conueming any such matters. The procedures
undertaken do iiot provide all the evidence that would be required in an audit and
consequently no opinion is given as lo whether ihe accounts preseiit a "true and fair view"
and the report is limited to those maiters set out in the statement below.
Ind¢pendent Examiner's statement
In conne¢iion with my examination. no matter has Come to my attention which gives me
reasonable cause to believe that in any material respect the requirements to keep
accounting records in accordance with section 130 of the 2011 Acl and to prepare
accounts kn,hich accord with ihe accounting records and comply with the accounting
requirements of the 2011 Act have not been mel or lo which, in my opinion. iittention
should be drawn in order io enable a proper understanding ot'the accounts to be r¢ached.
Signed..........-...............................................
Mr S Mcmanus
Dale

Rolleston Almshouse Charity
Statem8nt of Assets and Liabilities as at 31st December 2023
Gen•ral Restrl¢ted Endowmgnt
Funds
Funds
Funds
Total
31.12.23
Total
31.12.22
Tanglblg Assets
Property
171,600
171,600
171,600
171,600
171.600
171.600
Investment Assets
BlackRock - Capital
BlackRock - ERF
4,060
4,060
3,996
39,285
BlackRock- SR
1.211
1,211
1,192
BlackRock- SFM
307
307
302
M&G- ERF
54,244
54,244
51,073
1.518
4,060
59,822
95.848
Cash Funds
COIF Deposit AIC ERF
COIF Deposit wc
Bank Current AJC
336
336
322
331
331
11,251
10,244
5.105
15,349
9,S92
10.575
5.441
16,016
21,165
NET ASSETS
12.093
59,685
175,660
247.438
288.613
Representod by:
Almshouse Fund
171,600
171,600
171,600
Endowment Fund
4,060
4,060
3,996
Extraordinary Repair Fund
Cyclical Mainlenan¢e Fund
Reserves
54,580
54,580
96,887
5,105
5,105
3,801
12,093
12,093
12,329
TOTAL FUNDS
12,093
59.685
175,660
247.438
288,613
Signed
Dale
Mr S Sanderson (Chaimanl

Rolleston Almshou8e Charity
Recelpts and Payments Account for the year ended 31st December 2023
General Restrlcted Endowment Total YIE Total YIE
Funds
Funds
Funds
31.12.23
31.12.22
Receipts
Contributions from Residents
17,786
17,786
18,862
Donations Received
3,641
3.641
1,220
Grants Received
Gift Aid Reclaimed
COIF Interest Received
Charinco Dividend Income
80
14
112
61
709
164
934
2,007
NAACIF Dividend Income
2,070
2,070
1,884
17,927
164
24,525
24,085
Payments
Repairs & Maintenance
1,624
55.448
57,072
52.747
Insurance
868
868
743
Water Rates
1,359
1,359
1,204
Community Call System
Council Tax
1,216
1,216
1.164
Electricity
TV Licence
690
690
400
22
22
Christmas Gifts
150
150
150
Almshouse Association Subs
286
277
Clocks & Bridges Fund
Clerk's Remuneration
5,100
5.100
4,500
Professional Fees
36
36
Trustees, Expenses
miS￿lIaneouS
11.351
55.448
66,799
61.193
Surplus for the year
6.576
49,014
164
42.274
7.108

Rolleston Almshous& Charity
Statement of Movement of Funds for the year ended 31st Oecember 2023
Almshouse End'ment
Fund
Fund
ERF
CMF Reserves
Total
Balance at 01.01.23
171,600
3,996
96,887
3,801
12,329
288,613
Surplus for year
Transfers
164
46,046
-2,968
6,576
42,274
-164
2.728
4,272
-6,836
Revaluation of fund
1,011
24
1,099
Balance at 31.12.23
171.600
4,060
54,580
5.105
12,093
247,438