ROLLESTON ALMSHOUSE CHARITY ANNUAL REPORT AND ACCOUNTS for the year ending 31 st December 2024 Registered Charity No 1158564
ROLLESTON ALMSHOUSE CHAIUTY TRUSTEES ANNUAL REPORT for the year ending 31st December 2024 Scheme The objects of the Charity are" 1. The maintenance and provision of almshouse accommodation forthe public benefit of those in charitable need including those in financial hardship and who are resident in the parishes of Rolleston 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 Staffordshire. The objects are set out in the Governing Document adopted by the Trustees on 12th September 2014. Review of Activities The Charity owns and maintains 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 to ensure the almshouses were in satisfactory condition. Refurbishment of the almshouse at No 4 was completed in Spring 2024 and the vacancy filled on 29th April 2024. The resident at No 6 died on 19th April 2024 and after refurbishment the vacancy was filled on 1st November2024, meaning the almshouses are now fully occupied for the first time since March 2017. All Weekly maintenan Contributions were increased from 1st January 2024.The weekly charge was £75 for the refurbished almshouses and £70 for the others. During the year, £3,530 was spent on the almshouse at No 4 in anticipation of its occupation and similarly £4,904 was spent on the almshouse at No 6. This expenditure was charged to the Cyclical maintenan Fund. The Trustees also spent £4,911 during the year dealing with damp proofing problems and this was charged to the Extraordinary Repair Fund. The Trustees were delighted to receive donations from other local voluntary organisations towards the costs of modemising the almshouses which totalled £2,222.
Mana ement The Trustees met four 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 receipts and payments basis. Chaiit Funds The Almshouse Fund is a capital fund representing the value of the property at 2-12 Burnside. On 12th August 2014 the propety was valued by Wayne J Goodwin BA (Hons) Bsc MRICS FNAEA at £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 Governing Document. In accordan with best practi, the Trustees have chosen to maintain an Extraordinary Repair Fund to provide for the extraordinary repair, improvement or rebuilding of the almshouses. Similarly, the Trustees have chosen to maintain a Cyclical maintenan Fund to provide for those items of ordinary Maintenan 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 Charity'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 to 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 asset 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 st December 2024 was £8,742, approximately two thirds of the target level. After several years of significant expenditure on the Renovation Project, the Trustees now wish to concentrate on building up the Cyclical Maintenance Fund and restoring the Charity's Reserves to the target level. Investment Polic The BlackRock Charities UK Bond Fund lost ground during the year due to its composition of fixed interest securities. The M&G Charity Multi Asset Fund prodUd better results, largely due to its higher equity content. During the 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 objectives and operation of the Charity are not compromised.
al & Administrative Information Rolleston Almshouse Charity Registered Charity No 1158564 148 High Street, Burton upon Trent DE14 1JY www.rollestonalmshouses.or Trustees Mr S Sanderson (Chairman) Mrs B Toon VI Chairman) Mr S D Appleby Nominated by Rolleston Parish Council Appointed Nominated by Rolleston Parish Council [from 4th June 2024. Previously Appointed] Appointed Appointed Nominated by Anslow Parish Council [from 21 st January 2024] Appointed on 16th September 2024 [Previously Nominated by Rolleston Parish Council] Appointed Appointed Ms A J Gillespie Mr R N Houston Ms S J Reader 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 Mr S Mcmanus Solicitors Bankers Talbot & 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 the year ended 31st December 2024 w'hich are set oul on pages 6 10 8. Respective responsibilities of Trustees and Examiner The Charity s Trustees are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed. It is my responsibility to examine the accounts (under section 145 of ihe 2011 Act). follow the procedures laid down in the General Directions given by the Charity Commission (under section 14i(5)(b) of ihe 2011 Act) and slale 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 ot" th¢ 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 concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequcntly no opinion is given as to whether the accounts present a "true and fair view and the report is limited to those matters set out in the statement below. Independent Examiner's statement In connection with my examination. no matter has come to my attention which gives me reasonabl¢ cause to believe that in any material respect the requirements to keep aLcounting records in accordance with section 130 of the 2011 Act and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the ?01 l Act haN'e not been met or to which. in my opinion. attention should be drawn in order to enable a proper underslanding ot" the accounts to be reached. Signed . Mr S Mcmanus Date 1&4orLL g9l
Rolleston Almshouse Charity Statement of Assets and Liabilities as at 31st December 2024 General Restricted Endowment Funds Funds Funds Total 31.12.24 Total 31.12.23 Tangible Assets Propety 171,600 171,600 171,600 171,600 171,600 171,600 Investment Assets BlackRock - Capital BlackRock - SR 3.887 3,887 4,060 1,160 1,160 1,211 BlackRock - SFM 294 294 307 M&G- ERF 58,594 58,594 54,244 1,454 58,594 3.887 63,935 59,822 Cash Funds COIF Deposit AIC ERF COIF Deposit AJC Bank Current wc 354 354 336 5,381 5,381 331 6,576 6,576 15,349 11.957 354 12,311 16,016 NET ASSETS 13.411 58.948 175.487 247.846 247.438 Represented by: Almshouse Fund 171.600 171.600 171,600 Endowment Fund 3,887 3,887 4,060 Extraordinary Repair Fund Cyclical Maintenance Fund 58,948 58,948 54,580 4,669 4,669 5,105 Reserves 8.742 8,742 12,093 TOTAL FUNDS 8,742 63,617 175,487 247,846 247.438 Signed Mr S Sanderson (Chairman)
Rolleston Almshouse Charity Receipts and Payments Account for the year ended 31st December 2024 General Restricted Endowment Total YIE Total YIE Funds Funds Funds 31.12.24 31.12.23 Receipts Contributions from Residents 19,847 19,847 17,786 Donations Received 2,222 2,222 3,641 Grants Received Gift Aid Reclaimed COIF Interest Received 50 17 67 94 Charinco Dividend Income 61 164 225 934 NAACIF Dividend Income 2,228 2.228 2,070 19,958 4,467 164 24,589 24,525 Payments Repairs & Maintenance 3,502 13.347 16,849 57,072 Insuran 782 782 868 Water Rates 1,529 1,529 1,359 Community Call System Council Tax 123 123 1,216 Gas & Electricity TV Licence 18 18 690 22 22 22 Christmas Gifts 180 180 150 Almshouse Association Subs 433 433 286 Clocks & Bridges Fund Clerk's Remuneration 5.280 5,280 5,100 Professional Fees 36 Trustees, Expenses Miscellaneous 12.718 13,347 26,065 66,799 Surplus for the year 7,240 .880 164 -1,476 42,274
Rolleston Almshouse Charity Statement of Movement of Funds for the year ended 31st December 2024 Almshouse Fund End'ment Fund ERF CMF Reserves Total Balance at 01.01.24 171,600 4,060 54,580 5,105 12,093 247,438 Surplus for year Transfers 164 -8,436 7,240 -1,476 -164 2.690 8,000 -10,526 Revaluation of fund -173 2,122 -65 1,884 Balance at 31.12.24 171,600 3,887 58,948 4.669 ,742 247,846